Multiple Choice
Ewok Enterprises recently elected the fair value option to account for its investment in Yoda Inc.Ewok purchased the shares for $210,000 and the shares are currently trading for $195,000 at year-end.What is the carrying value of this investment on the balance sheet of Ewok?
A) $210,000
B) $15,000
C) $202,500
D) $195,000
Correct Answer:
Verified
Correct Answer:
Verified
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