Use this information to answer the following question. The total dollar amount of assets to be classified as investments is
A) $336,000.
B) $0.
C) $224,000.
D) $112,000.

Question

Use this information to answer the following question.  The total dollar amount of assets to be classified as investments is
A) $336,000. 
B) $0. 
C) $224,000. 
D) $112,000.

Quizplus · Accepted Answer

According to the given information, only the long-term investments account has a balance of $224,000. Therefore, the total dollar amount of assets to be classified as investments is $224,000.

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