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Question 10 View Policies Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as investments.
Question 10 View Policies Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as investments. Cash $168500 Accounts receivable 26200 Cheyenne Corp. Balance Sheet December 31, 2017 $128300 Accounts payable Salaries and wages 121100 payable 214700 Mortgage payable 87100 Total liabilities 254500 285500 $335500 Common stock 267800 $462500 Inventory Prepaid insurance Stock Investments (long- term) Land Buildings Less: Accumulated depreciation $355000 (59500) 276000 754500 Trademarks 204800 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1109500 Total assets $1572000 $1572000 $254500 O $469200 O $584500 $0
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