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What amounts, related to these investments, would Ott report

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Question - On December 31, Year 3, Ott Co. had investments in marketable equity securities as follows:

 

Cost

Fair value

Man Co.

$10,000

$8,000

Kemo, Inc.

9,000

11,000

Fenn Corp.

11,000

9,000

Ownership in each security represents less than 20% of the outstanding stock. What amounts, related to these investments, would Ott report on its year-end balance sheet and income statement?

Reference no: EM133052571

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