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What will the carrying value of its investments

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Question - On January 1, 2020, Super One Corporation (SOC) purchased 1,000 common shares of Glass Production Company (GPC) for trading purpose at $50 per share. On December 31, 2020, SOC's fiscal year end, GPC's shares are traded at $55. SOC sold the shares on January 31, 2021 for $60,000. What will the carrying value of its investments in GPC be on the date of sale?

Reference no: EM133153406

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