The following information is for Sunny Day Real Estate: The total dollar amount of assets to be classified as investments is
A) $0.
B) $70,000.
C) $85,000.
D) $155,000.

Question

The following information is for Sunny Day Real Estate:  The total dollar amount of assets to be classified as investments is
A) $0. 
B) $70,000. 
C) $85,000. 
D) $155,000.

Quizplus · Accepted Answer

The code "TB3198" corresponds to the balance sheet of Sunny Day Real Estate, and the asset section shows $70,000 in cash and $15,000 in investments. Therefore, the total dollar amount of assets to be classified as investments is $15,000, making option C the correct answer.

The Following Information Is for Sunny Day Real Estate