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9. The following information pertains to Kents marketable equity securities: Kent sold the Zee stock in January 20X3 for $10,200. In his personal statement of
9. The following information pertains to Kents marketable equity securities:
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?
Multiple Choice
$98,900
$94,100
$93,300
$93,500
\begin{tabular}{lrrr} & \multicolumn{2}{c}{ Fair value at December } \\ \cline { 2 - 3 } \multicolumn{1}{c}{ Stock } & \multicolumn{2}{c}{31} & cost in 28xe \\ \cline { 2 - 3 } & \multicolumn{1}{c}{283} & 282 & \\ City Manufacturing Incorporated & $95,580 & $93,800 & $89,900 \\ Tri Corporation & 3,480 & 5,680 & 3,680 \\ Zee Incorporated & & 10,380 & 15,800 \end{tabular}Step by Step Solution
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