Question: Use the following data to determine the total dollar amount of assets to be classified as investments $208000 30500 246000 $484500 Cash Accounts receivable Inventory

 Use the following data to determine the total dollar amount of
assets to be classified as investments $208000 30500 246000 $484500 Cash Accounts

Use the following data to determine the total dollar amount of assets to be classified as investments $208000 30500 246000 $484500 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Concord Corporation Balance Sheet December 31, 2017 $193000 Accounts payable 146000 Salaries and wages payable 167000 Mortgage payable 87200 Total liabilities 253000 260000 $316000 Common stock (55000) 261000 Retained earnings Total stockholders 224000 equity $1591200 Total liabilities and stockholders equity $370700 736000 $1106700 Total assets $1591200 $513000 O $0 $461000 $253000 Use the following data to determine the total amount of working capital. $204000 28000 241500 $473500 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Kingbird, Inc. Balance Sheet December 31, 2017 $200000 Accounts payable 141000 Salaries and wages payable 154000 Mortgage payable 87000 Total liabilities 271000 288000 $306000 Common stock (64000) 242000 Retained earnings Total stockholders 202000 equity $1585000 Total liabilities and stockholders' equity $364000 747500 $1111500 Total assets $1585000 O $380000 5350000 $120000 $170000

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