Question: answer this one please Q 2.23: Three years ago, Jetson Flying Cars Inc. purchased land for $3,000,000, a building for $5,000,000, and 100,000 shares of
Q 2.23: Three years ago, Jetson Flying Cars Inc. purchased land for $3,000,000, a building for $5,000,000, and 100,000 shares of Flintstone Quarries Ltd., a public company, for $20 each. At Jetson's most recent year-end, the land and building were appraised at $4,000,000 and $6,000,000 respectively, and the Flintstone shares were trading for $22 each. At what amounts will Jetson report these assets on its current statement of financial position? SUN TI A Land $4,000,000; building $6,000,000; shares $2,200,000; all as long term assets. www Land $4,000,000; building $6,000,000; shares $2,000,000/ all as long-term assets. Land $3,000,000; building $5,000,000; shares $2,000.008; all as long-term assets, D Land $3,000,000; building $5,000,000; shares $2200,000; all as long-term assets
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