On January 1,2017,Agronomist Inc.had a balance of $340,000 in the long-term investments account.During 2017,Agronomist Inc.sold long-term investments for $115,000 cash,resulting in a $13,000 gain.On December 31,2013,the long-term investments account showed a balance of $380,000.The long-term investments purchased during 2013 totalled:
A) $75,000
B) $265,000
C) $155,000
D) $142,000
Correct Answer:
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