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1 At what amount should the following trading investment portfolio be reported on the December 31? balance sheet? All the investments are less than 5
1 At what amount should the following trading investment portfolio be reported on the December 31? balance sheet? All the investments are less than 5 percent of the investee's stock and were purchased late in the current year. Stock Eastman Kodak.. Exxon... General Motors........ Investment Cost Current Market Value $ 5,000 $ 5,500 61,200 53,000 3,680 6,230 The Amounts of the investments on the Balance Sheet is O $59,222 64,730
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