Use the following information to answer questions
MARCOTTE MASONARY LTD.
Statement of Financial Position
December 31, 2015

-The total dollar amount of assets to be classified as investments is
A)$ 0.
B)$ 50,000.
C)$ 90,000.
D)$190,000.

Question

Use the following information to answer questions 
MARCOTTE MASONARY LTD.
Statement of Financial Position
December 31, 2015
 
-The total dollar amount of assets to be classified as investments is
A)$ 0. 
B)$ 50,000. 
C)$ 90,000. 
D)$190,000.

Quizplus · Accepted Answer

There is no indication in the Statement of Financial Position that any assets should be classified as investments, so the total dollar amount of assets to be classified as investments is $0.

Use the Following Information to Answer Questions