Question: Use the following data to determine the total dollar amount of assets to be classified as investments. Oriole Company Balance Sheet December 31, 2022 Cash
Use the following data to determine the total dollar amount of assets to be classified as investments. Oriole Company Balance Sheet December 31, 2022 Cash and cash equivalents $70500 Accounts payable $131500 Accounts receivable 89500 13100 Salaries and wages payable Bonds payable Total liabilities 173000 $317600 Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation 143000 81000 182500 187500 $226500 Common stock $231900 (50500) 176000 Retained earnings 510000 Trademarks 129500 $741900 Total stockholders equity Total liabilities and stockholders' equity Total assets $1059500 $1059500 O $0 O $325500 O $182500 O $272000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
