The following information pertains to Kents marketable equity securities: Kent sold the Zee stock in January 20X3

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The following information pertains to Kent’s marketable equity securities:

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Kent sold the Zee stock in January 20X3 for $10,200. In his personal statement of financial condition at December 31, 20X3, what amount should he report for marketable equity securities?

a. $93,300

b. $93,500

c. $94,100

d. $98,900

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Advanced Financial Accounting

ISBN: 9781260165111

12th Edition

Authors: Theodore Christensen, David Cottrell, Cassy Budd

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Question Posted: Mar 14, 2024 12:00 AM

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The following information pertains to Kents marketable equity securities: Kent sold the Zee stock in January 20X3

Question:

Fair Value at December 31 Stock 20x3 20X2 Cost in 20x0 City Manufacturing Inc. $95,500 $93,000 $89,900 Tri Corporation 3,400 5.600 3,600 Zee Inc. 10,300 15,000

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Advanced Financial Accounting

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