Kent Corporation holds 1,900 shares of Russell Corporation common stock as its sole long-term investment. Kent does not have significant influence or control over Russell. The stock was purchased during 2013 at a price of $120 per share. On December 31, 2013, the market price of Russell's stock was $108 per share. On December 31, 2014, the market price of Russell's stock was $136 per share. What
should be reported as the carrying value of the investment on Kent's December 31, 2013, and December 31, 2014, balance sheets, respectively?
A) $228,000; $228,000
B) $205,200; $228,000
C) $205,200; $205,200
D) $205,200; $258,400
D
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Indicate whether the statement is true or false
Trovato Corporation is considering a project that would require an investment of $48,000. No other cash outflows would be involved. The present value of the cash inflows would be $51,840. The profitability index of the project is closest to (Ignore income taxes.):
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A buyer and seller who are at the first stage of business friendship are called acquaintances.
Answer the following statement true (T) or false (F)
The ____ format is the most popular format in the social sciences.
A. MLS B. Pennsylvania C. Chicago D. APA