Business, 05.05.2020 16:29, cisneros3

On its December 31, 2020, balance sheet, Pharoah Company reported its investment in equity securities, which had cost $640000, at fair value of $592000. At December 31, 2021, the fair value of the securities was $621000. What should Pharoah report on its 2021 income statement as a result of the increase in fair value of the investments in 2021?

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On its December 31, 2020, balance sheet, Pharoah Company reported its investment in equity securitie...