Question: Adams Industries holds 40 000 shares of FedEx common stock On D
Adams Industries holds 40,000 shares of FedEx common stock. On December 31, 2010, and December 31, 2011, the market value of the stock is $95 and $100 per share, respectively. What is the appropriate reporting category for this investment and at what amount will it be reported in the 2011 balance sheet?
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