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Adams Industries holds 48,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant influence over

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Adams Industries holds 48,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant influence over FedEx. On December 31, 2021, and December 31, 2022, the market value of the stock is $98 and $108 per share, respectively. What is the appropriate reporting category for this investment and at what amount will it be reported in the 2022 balance sheet

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