Use the Following Information to Answer Questions

question 90

Multiple Choice

Use the following information to answer questions
MARCOTTE MASONARY LTD.
Statement of Financial Position
December 31, 2015

-The total dollar amount of assets to be classified as current assets is

• A)$240,000.
• B)$220,000.
• C)$170,000.
• D)$130,000.

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Definitions:

Profit Potential

The capacity of a business or investment to generate earnings over time.

Marketing Control

The process of monitoring, evaluating, and adjusting marketing strategies and activities to meet set objectives.

Forest Management

The practice of managing and using forests sustainably to maintain their ecological health, support biodiversity, and fulfill economic, ecological, and social purposes.