Question
What is the amount ofLong TermInvestments? Accounts Payable$31,000 MortagePayable$100,000 Bonds Payable185,000 Treasury stock17,000 Additional Paid in Capital70,000 Investment in unconsolidated subsidiary120,000 Accounts Receivable57,000 Trading Securities40,000
What is the amount ofLong TermInvestments?
Accounts Payable$31,000
MortagePayable$100,000
Bonds Payable185,000
Treasury stock17,000
Additional Paid in Capital70,000
Investment in unconsolidated subsidiary120,000
Accounts Receivable57,000
Trading Securities40,000
Cash25,000
Unearned Service Revenue2,000
Patents50,000
Bond sinking funds8,000
Inventory69,000
Land670,000
Long-term Notes Receivable80,000
Prepaid Rent1,000
Common Stock250,000
Retained Earnings138,000
The mortgage will be paid in 4 equal installments with the first installment due Nov. 1, 2021.
**$50,000 of the retained earnings are appropriated for future plant expansion.
What is the amount ofLong TermInvestments?
a.None of these
b.$88,000
c.$208,000
d.$200,000
e.$128,000
f.$120,000
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College Accounting Chapters 1-9
Authors: James Heintz
22nd Edition
1305888537, 978-1305666184
