Question: Use the following data to determine the total dollar amount of assets to be classified as long-term investments. Cash Accounts receivable Inventory Prepaid insurance Stock

Use the following data to determine the total dollar amount of assets to be classified as long-term investments. Cash Accounts receivable Inventory Prepaid insurance Stock investments (Noncurrent) Land Buildings Less: Accumulated depreciation (61000) Goodwill Total assets O $531000 O $476000 $303000 O $0 O $252000 Oriole Company Balance Sheet December 31, 2025 $186000 141000 160000 85300 252000 279000 242000 224000 $1569300 Accounts payable Salaries and wages payable Mortgage payable Total liabilities Common stock $210000 30500 249500 490000 340300 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1569300 739000 1079300

Use the following data to determine the total dollar amount of assets to be classified as long-term investments. $531000 $476000 50. $252000

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