Question
Libby bought 10% of the shares of another company for $ 100,000. At the end of the period, the shares had a market value of
Libby bought 10% of the shares of another company for $ 100,000. At the end of the period, the shares had a market value of $ 90,000. How would this investment be reported in the financial statements at the end of the period?
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Accounting, Chapters 1-13
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th Edition
1285069625, 9781285069623
