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Explain how ABC should measure the investment on December

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Question - ABC is a small private company and invests excess cash in the common shares of XYZ Corporation. XYZ is a public company with its shares trading on the TSX. ABC paid $5,000 for the shares on January 5, 2020. It is now December 31, 2020, ABC' year end and the shares are trading at $5,500. Explain how ABC should measure (report) the investment on December 31, 2020.

Reference no: EM132990487

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