Sydney Corporation has these long-term investments: (1) Common stock of Russ Co. (10% ownership) held as available-for-sale

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Sydney Corporation has these long-term investments:

(1) Common stock of Russ Co. (10% ownership) held as available-for-sale securities, cost $108,000, fair value $115,000.

(2) Common stock of Pickerill Inc. (30% ownership), cost $210,000, equity $260,000.

Prepare the investments section of the balance sheet. (Enter account name only and do not provide descriptive information.)

Related Book For answer-question

Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Jul 07, 2022 08:53 AM

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Sydney Corporation has these long-term investments: (1) Common stock of Russ Co. (10% ownership) held as available-for-sale

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Financial Accounting

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