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Cullumber Limited has the following long-term investments. (1) Ordinary shares of Kornas Co. (10% ownership) held as non-trading securities, cost 101,000, fair value $ 108,000.
Cullumber Limited has the following long-term investments. (1) Ordinary shares of Kornas Co. (10% ownership) held as non-trading securities, cost 101,000, fair value $ 108,000. (2) Ordinary shares of Kozanecki OAO. (30% ownership), cost 201,000, equity 251,000. Prepare the investments section of the statement of financial position Cullumber Limited Statement of Financial Position
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