Question
Kruger Corporation has the following long-term investments: (1) Common stock of Eidman Co. (10% ownership) held as available-for-sale securities, cost $145,060, fair value $152,530. (2)
Kruger Corporation has the following long-term investments: (1) Common stock of Eidman Co. (10% ownership) held as available-for-sale securities, cost $145,060, fair value $152,530. (2) Common stock of Pickerill Inc. (30% ownership), cost $226,320, equity $289,680.
Prepare the investments section of the balance sheet.
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Introduction To Financial Accounting
Authors: Charles T Horngren, Gary L Sundem
10th Edition
136122973, 978-0136122975
