The following information is for Acme Auto Supplies: The total dollar amount of assets to be classified as investments is
A) $0.
B) $150,000.
C) $80,000.
D) $180,000.

Question

The following information is for Acme Auto Supplies:  The total dollar amount of assets to be classified as investments is
A) $0. 
B) $150,000. 
C) $80,000. 
D) $180,000.

Quizplus · Accepted Answer

The given information is a product code, and does not provide any information on the assets of Acme Auto Supplies. Therefore, we cannot determine the amount of assets to be classified as investments.

The Following Information Is for Acme Auto Supplies: the Total