Solution-What amounts, related to these investments, would

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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What amounts, related to these investments, would Ott report

Reference no: EM133052571

Reference no: EM133052571

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