Sydney Corporation has these long term investments common stock of Russ Co (10 ownership) held as available for sale securities, cost $108,000, fair value $112,000 common stock of Thomas Inc (30 ownership), cost $210,000, equity $230,000 and a bond sinking fund of $150,000 Prepare the investments s...

Investments Bond sinking fund 150000 Inve ...

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

Question:

Sydney has these long-term investments: of Russ Co. (10% ownership) held as available-for-sale securities, cost $108,000, fair value $112,000; of Thomas Inc. (30% ownership), cost $210,000, equity $230,000; and a bond sinking fund of $150,000. Prepare the investments section of the balance sheet.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...