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Green Corporation had the following long-term investments as of December 31, 2010. (a) Common stock of E Company (10% ownership) held as available-for-sale securities, cost $120,000, fair value of $115,000 & (b) common stock of F Company (30% ownership) cost $215,000, equity of $250,000. Prepare the investments section of the balance sheet as of December 31, 2010.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9407561

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