ANSWERS TO QUESTIONS
“Treasury stock (at cost).” ... or market 180,000 Total current assets $ 534,000 Long-term investments Investments in common stock (available for sale)—at fair value 270,000 Bond sinking fund 250,000 Cash surrender value of life insurance 40,000 Land held for future use 270,000 830,000 Property, plant, and equipment Land 500,000 Buildings ... ................
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