Question: Classified Balance Sheet Using the information shown below for Thompson Company as of December 31. 2019, answer the question that follows. Prepaid Rent Cash Marketable
Classified Balance Sheet Using the information shown below for Thompson Company as of December 31. 2019, answer the question that follows. Prepaid Rent Cash Marketable Securities Revenues Received in Advance Accounts Receivable Accumulated Depreciation- Building 200 Franchise 400 Land Investment in Land Held for 800 r future use 800 Inventory 1,600 Notes Payable (in two years) 2,000 Building 3,600 4,000 5,400 6,000 8,000 16,000 Accounts Payable 3,200 Jane Thompson, Capital 24,000 Required: What is the amount for Total Investments? (Enter your answer as follows: $X,XXX.XX; do not show workings)
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