Question
On December 31, Bob Co. had investments in equity securities as follows: Cost Fair Value Tractor Co. 10,000 7,000 Farm, Inc. 9,000 11.000 Horse Corp
On December 31, Bob Co. had investments in equity securities as follows:
|
| Cost | Fair Value |
| Tractor Co. | 10,000 | 7,000 |
| Farm, Inc. | 9,000 | 11.000 |
| Horse Corp | 11,000 | 8,000 |
Bob's December 31 balance sheet should report the equity securities at what amount?
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Internal Auditing A Guide For The New Auditor
Authors: David Galloway
3rd Edition
0894136917, 9780894136917
