Question
Catherine Jones has determined the following information about her own financial situation. Her checking account is worth $570 and her savings account is worth $1,500.
Catherine Jones has determined the following information about her own financial situation. Her checking account is worth $570 and her savings account is worth $1,500. She owns her own home that has a market value of $107,000. She has furniture and appliances worth $10,500 and a home computer and laptop worth $2,900. She has a car worth $12,500. She has recently purchased a mutual fund worth $5,600 and she has a retirement account worth $37,000. What is the value of her investment assets?
Multiple Choice
$107,000
$149,600
$177,570
$25,900
$42,600
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Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
1119502551, 1-119-50255-5, 978-1119502555
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