Question
Adams Industries holds 41,000 shares of FedEx common stock. On December 31, 2015, and December 31, 2016, the market value of the stock is $94
Adams Industries holds 41,000 shares of FedEx common stock. On December 31, 2015, and December 31, 2016, the market value of the stock is $94 and $102 per share, respectively.
| What is the appropriate reporting category for this investment and at what amount will it be reported in the 2016 balance sheet? Choose from the list below Securities available-for-sale Trading securities
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The Portable MBA In Finance And Accounting
Authors: Theodore Grossman, John Leslie Livingstone
4th Edition
0470481307, 978-0470481301
