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oksano4ka [1.4K]
4 years ago
8

Pharoah Corporation has the following long-term investments. (1) Common stock of Eidman Co. (10% ownership), cost $102,500, fair

value $109,500. (2) Common stock of Pickerill Inc. (30% ownership), cost $202,500, equity $252,500. (3) Debt investment, cost $92,500, fair value $152,500.Prepare the investments section of the balance sheet.
Business
1 answer:
Step2247 [10]4 years ago
8 0

Explanation:

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

                                    Pharoah Corporation

                                     Investment section

Fair value of investment in cost $109,500

Fair value of investment in equity $252,500

Fair value of the debt investment $152,500

Total value of investment              $514,500

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Answer:

Return on investment = 50%

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3 years ago
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Answer:

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3 years ago
Alex's country was once communist, but now allows limited private ownership of companies, and lets market forces determine produ
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Alex's country was once communist, but now allows limited private ownership of companies, and lets market forces determine production and pricing decision is the kind of 'Market Socialist' economy.

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True

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