Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 5 - Balance Sheet and Statement of Cash Flows - Review and Practice - Brief Exercises - Page 239: BE5-3

Answer

Long-term Investment Debt Investment $56,000 Add: Land held for investment $39,000 Add: Notes Receivable (long-term) $42,000 $81,000 total investments: $137,000

Work Step by Step

the total long-term investment will be equal to= $137,000
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