On January 1, 2013, Agronomist Inc

question 58

Multiple Choice

On January 1, 2013, Agronomist Inc. had a balance of $340,000 in the long-term investments account. During 2013, Agronomist Inc. sold long-term investments for $115,000 cash, resulting in a $13,000 gain. On December 31, 2013, the long-term investments account showed a balance of $380,000. The long-term investments purchased during 2013 totalled:

• A) $75,000
• B) $265,000
• C) $155,000
• D) $142,000

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Personal Consultant

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