Skywalker Limited purchased shares of Jedi Jewelers during 2015 for $124,000. Skywalker elected the fair value option for accounting for this investment. At year end 2015, 2016, and2017, this investment had a fair value of $120,000, $130,000, and$135,000, respectively. How will this investment be reported on the Balance Sheet at year−end, 2017?

Answer rating: 100% (QA)

Since Skywalker Limited elected the fair value option for acc... View the full answer