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Assume that Adams Industries holds 59,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant

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Assume that Adams Industries holds 59,000 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, 2024, and December 31, 2025, the market value of the stock is $99 and $112 per share, respectively. What is the appropriate reporting category for this investment and at what amount will it be reported in the 2025 balance sheet

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