Use this information to answer the following question.
-The total dollar amount of assets to be classified as investments is
A)$168,000.
B)$0.
C)$112,000.
D)$56,000.

Question

Use this information to answer the following question.  
-The total dollar amount of assets to be classified as investments is
A)$168,000. 
B)$0. 
C)$112,000. 
D)$56,000.

Quizplus · Accepted Answer

In the given information, only one line item includes the value of investments which is "Investments in stock - $112,000". Therefore, the total dollar amount of assets to be classified as investments is $112,000.

Use This Information to Answer the Following Question