Kruger Corporation has these long-term investments: common stock of Eidman Co. (10% ownership), cost $108,000, fair value
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Kruger Corporation has these long-term investments: common stock of Eidman Co. (10% ownership), cost $108,000, fair value $115,000; common stock of Pickerill Inc. (30% ownership), cost $210,000, equity $260,000; and debt investment, cost $90,000, fair value $150,000.
Prepare the investments section of the balance sheet.
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Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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