Question

Keystone Corp. holds a portfolio of trading securities. Suppose that on October 15, Keystone paid $160,000 for an investment in Shurock Co. shares to add to its portfolio. At December 31, the market value of Shurock Co. shares is $172,000. For this situation, show everything that Keystone would report on its December 31 balance sheet and on its income statement for the year ended December 31.



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  • CreatedJuly 25, 2014
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