(Answered) Adams industries holds 40000 shares of fedex common stock

Accounting

Adams Industries holds 40,000 shares of FedEx common stock. On December 31, 2010, and December 31, 2011, the market value of the stock is $95 and $100 per share, respectively. What is the appropriate reporting category for this investment and at what amount will it be reported in the 2011 balance sheet?

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