Kruger Corporation has these long-term investments: common stock of Eidman Co. (10% ownership), cost $108,000, fair value

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Kruger Corporation has these long-term investments: common stock of Eidman Co. (10% ownership), cost $108,000, fair value $115,000; common stock of Pickerill Inc. (30% ownership), cost $210,000, equity $260,000; and debt investment, cost $90,000, fair value $150,000. 

Prepare the investments section of the balance sheet.

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Accounting Principles

ISBN: 9781119707110

14th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

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