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The total dollar amount of assets to be classified as investments is $84200. $0. $70200. $174100.

The total dollar amount of assets to be classified as investments is $84200. $0. $70200. $174100.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information is for Waterway Real Estate: Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings Less Accumulated Depreciation Trademark Total Assets $99800 $84200. $0. $70200. $174100. (19700) Waterway Real Estate Balance Sheet December 31, 2020 $ 25200 29600 50500 70200 84200 119500 80100 70600 $529900 Accounts Payable Salaries and Wages Payable Mortgage Payable Total Liabilities Owner's Capital Total Liabilities and Owner's Equity The total dollar amount of assets to be classified as investments is $ 61000 15000 86500 162500 367400 $529900
Transcribed Image Text:The following information is for Waterway Real Estate: Cash Prepaid Insurance Accounts Receivable Inventory Land Held for Investment Land Buildings Less Accumulated Depreciation Trademark Total Assets $99800 $84200. $0. $70200. $174100. (19700) Waterway Real Estate Balance Sheet December 31, 2020 $ 25200 29600 50500 70200 84200 119500 80100 70600 $529900 Accounts Payable Salaries and Wages Payable Mortgage Payable Total Liabilities Owner's Capital Total Liabilities and Owner's Equity The total dollar amount of assets to be classified as investments is $ 61000 15000 86500 162500 367400 $529900
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