Question: A company invests $ 3 5 0 , 0 0 0 in equity securities on November 3 0 , 2 0 2 3 , and

A company invests $350,000 in equity securities on November 30,2023, and classifies them as investments with no significant influence. At December 31,2023, the companys year-end, the securities have a fair value of $345,000. On February 1,2024, the company sells the securities for $360,000.
Which statement is true regarding how this information is reported in the companys financial statements?

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