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seropon [69]
3 years ago
5

Cullumber Corporation has these long-term investments:

Business
1 answer:
professor190 [17]3 years ago
7 0

Answer:

Explanation:

The preparation of the investments section of the balance sheet is presented below:

                                            Cullumber Corporation

                                              Investments Section

Debt investment at fair value                                  $163,100

Common stock  of Vejas Co at fair value              $110,090

Common stock of Penn Inc. at fair value               $212,890

Total investments                                                    $486,080

The amount which is recorded in the investment section should be fair value, not the cost

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