Question
Use the following data to determine the total dollar amount of assets to be classified as investments Metlock, Inc. Balance Sheet December 31, 2022
Use the following data to determine the total dollar amount of assets to be classified as investments Metlock, Inc. Balance Sheet December 31, 2022 Cash $127200 Accounts payable $150000 Accounts receivable Salaries and wages 124400 27900 payable Inventory 203400 Note payable (due 2025) 272200 Short-term investments 85600 Total liabilities $450100 Land (held for future 252000 use) Land 282500 Buildings $337500 Common stock $364500 Less: Accumulated (55100) 282400 Retained earnings 744700 depreciation Total stockholders' Franchise 201800 $1109200 equity
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