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Prepare the investments section of the balance sheet

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Question

Oriole Corporation has the following long-term investments. (1) Common stock of Eidman Co. (10% ownership), cost $102,000, fair value $109,000. (2) Common stock of Pickerill Inc. (30% ownership), cost $202,000, equity $252,000. (3) Debt investment, cost $92,000, fair value $152,000.

Prepare the investments section of the balance sheet.

Reference no: EM132365777

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