Gowdy Company has the following long-term investments: (1) Ordinary shares of Dixen Co. (10% ownership) held as
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(1) Ordinary shares of Dixen Co. (10% ownership) held as available-for-sale securities; cost $108,000, fair value $115,000.
(2) Ordinary shares of Ely Ltd, (30% ownership), cost $210,000, equity $270,000. Prepare the investments section of the statement of financial position.
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Related Book For
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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