Compute the amount of Hurley's buildings that would be reported in a December 31, 2017, consolidated balance sheet.
A) $1,560.
B) $1,260.
C) $1,440.
D) $1,160.
E) $1,140.

Question

Quizplus · Accepted Answer

The question references Hurley's buildings, so we need to look at the Buildings portion of the Chart of Accounts. The balance for Hurley's Buildings as of December 31, 2017 is $1,260. Therefore, choice B is the correct answer.

Compute the Amount of Hurley's Buildings That Would Be Reported