The following accounts and balances were drawn from the records of Hoover Company on December 31, 2013: Total assets on the December 31, 2013 balance sheet would amount to:
A) $3,150.
B) $3,450.
C) $1,800.
D) $2,650.

Question

The following accounts and balances were drawn from the records of Hoover Company on December 31, 2013:  Total assets on the December 31, 2013 balance sheet would amount to:
A) $3,150. 
B) $3,450. 
C) $1,800. 
D) $2,650.

Quizplus · Accepted Answer

$1,000 cash + $800 land + $850 accounts receivable = $2,650 total assets

The Following Accounts and Balances Were Drawn from the Records