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At what amount should the following trading investment portfolio be reported on the December 31? balance sheet?All the investments are less than 5 percent of
At what amount should the following trading investment portfolio be reported on the December 31?
balance sheet?All the investments are less than 5 percent of the investee's stock and were purchased
late in the current year.
InvestmentCurrent
StockCostMarket Value
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Eastman Kodak...........$5,000$5,500
Exxon...................61,20053,000
General Motors..........3,6806,230
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