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Question Completion Status: Use the following data to determine the total dollar amount of assets to be classified as investments. Eddy Auto Supplies Balance Sheet
Question Completion Status: Use the following data to determine the total dollar amount of assets to be classified as investments. Eddy Auto Supplies Balance Sheet December 31, 2014 84,000 80,000 140,000 60,000 170,000 190,000 Accounts payable Salaries and wages payable Mortgage payable Total liabilities Cash Accounts receivable Inventory Prepaid insurance Stock investment (long-term) Land Buildings $226,000 Less: Accumulated depreciation (40,000) Trademarks Total assets $ 110,000 20,000 180,000 $310,000 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $240,000 500,000 $ 740,000 186,000 140,000 $1,050,000 $1,050,000 A $390,000 B. $0 c. $170,000 D. $310,000 sample3.jpg KimFin De ET. . Kim Fin EW... Kim ET Kim Fin Be EW...xls
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