What would be the balance in the investment in MARS account at December 31, 2019?

Question

Quizplus · Accepted Answer

To find the balance in the investment in MARS account at December 31, 2019, we need to add the beginning balance, investments made during the year, and any gains or losses realized during the year.

Beginning balance = $240,000
Investments during the year = $130,000
Gain realized during the year = $5,850

So, the balance in the investment in MARS account at December 31, 2019 would be:

Beginning balance + Investments made during the year + Gains realized during the year
= $240,000 + $130,000 + $5,850
= $375,850

Therefore, the best choice is C.

What Would Be the Balance in the Investment in MARS