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All of the following are reported at fair value except A. Trading securities B. Held to maturity securities C. Available for sale securities D. All
All of the following are reported at fair value except
A. Trading securities
B. Held to maturity securities
C. Available for sale securities
D. All of these options are reported at fair value
On January 1 of the current year, Winters Corporation acquired 10% of the outstanding common stock of Summers Corporation for $420,000. For the current year, Summers Corporation reported net income of $80,000 and paid cash dividends of $25,000. At the end of the year, the carrying value of Winters investment in Summers Corporation would be
| $428,000. |
| $500,000. |
| $425,500. |
| $420,000. |
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