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Kruger Corporation has the following long-term investments: (1) Common stock of Eidman Co. (10% ownership) held as available-for-sale securities, cost $136,480, fair value $145,380. (2)
Kruger Corporation has the following long-term investments: (1) Common stock of Eidman Co. (10% ownership) held as available-for-sale securities, cost $136,480, fair value $145,380. (2) Common stock of Pickerill Inc. (30% ownership), cost $201,410, equity $268,730. Prepare the investments section of the balance sheet.
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