At what amount should the following trading investment portfolio be reported on the December 31? balance sheet? All the investments are less than 5 percent of the investee's stock and were purchased late in the current year. Investment Current Stock Cost Market Value ------------------------------------------------------------------------- Eastman Kodak........... $ 5,000 $ 5,500 Exxon................... 61,200 53,000 General Motors.......... 3,680 6,230 The Amounts of the investments on the Balance Sheet is A) $59,222 B) 64,730
At what amount should the following trading investment portfolio be reported on the December 31?
late in the current year.
Investment Current
Stock Cost Market Value
-------------------------------------------------------------------------
Eastman Kodak........... $ 5,000 $ 5,500
Exxon................... 61,200 53,000
General Motors.......... 3,680 6,230
The Amounts of the investments on the Balance Sheet is
| A) |
$59,222 |
|
| B) |
64,730 |
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