Financial Statement Presentation of Available for Sales Investments
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Woolford Co. has the following portfolio of available-for-sale securities at December 31, 2006.
Per Share
Security Quantity Percent Interest Cost Market
Favre, Inc 2,000 shares 8% $11 $16
Brady Corp 5,000 shares 14% 23 17
McNabb Co. 4,000 shares 2% 31 24
What should be reported on Wollfords December 31, 2006 balance sheet relative to these long term available for sale securities?
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This solution is comprised of a detailed explanation to answer what should be reported on the balance sheet.
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Financial Statement Presentation of Available for sale investments
Woolford Co. has the following portfolio of available-for-sale securities at December 31, 2006.
Per Share
Security Quantitiy Percent Interest Cost Market
Favre, Inc 2,000 shares ...
Purchase this Solution
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