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On May $20,$ Montero Company paid $$252,000$ to acquire $115$ shares $(7\%)$ of ORD Corporation as a long$-$term investment. On August $5.$

Montero sold one$-$tenth of the ORD shares for $$26,500.$

Prepare entries to record both the acquisition and the sale of these shares.

Should this stock investment be reported at fair value or at cost on the balance sheet?

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Prepare entries to record both the acquisition and the gale of these shares.