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Assume that on January 1, 20X1, Huskies Co. purchased 1,000 shares of Glidden Corp. for $150,000. Glidden shares are sold in two different active markets

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Assume that on January 1, 20X1, Huskies Co. purchased 1,000 shares of Glidden Corp. for $150,000. Glidden shares are sold in two different active markets and neither is the principal market in which Huskies Co. transacts. Below is the price that would be received for Glidden Corp. securities on December 31, 20X1. Market A Market B Price $26,000 $25,000 Transaction Costs $3,000 $1,000 Transportation Costs $2,000 $2,000 Determine the most advantageous market and the fair value of the equity investment in Glidden Corp. O a. Market B, $22,000 O b. Market A, $21,000 O c. Market A, $24,000 O d. Market B. $23,000

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