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At what amount should the following trading investment portfolio be reported on the December 312 balance sheet? All the investments are less than 5 percent
At what amount should the following trading investment portfolio be reported on the December 312 balance sheet? All the investments are less than 5 percent of the investee's stock and were purchased late in the current year. Investment Cost Current Market Value Stock Eastman Kodak. $5,000 $ 5,500 Exxon.. 61,200 53,000 General Motors. 3,680 6.230 The Amounts of the investments on the Balance Sheet is $59,222 64,730
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