Business
Business, 10.11.2019 01:31, sankarjgoutham

Adams industries holds 42,000 shares of fedex common stock, which is not a large enough ownership interest to allow adams to exercise significant influence over fedex. on december 31, 2018, and december 31, 2019, the market value of the stock is $95 and $105 per share, respectively. what is the appropriate reporting category for this investment and at what amount will it be reported in the 2019 balance sheet?

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