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Sheridan Limited has the following long-term investments. (1) Ordinary shares of Kornas Co. (10% ownership) held as non-
Posted: Sun Jun 05, 2022 7:46 pm
by answerhappygod
- Sheridan Limited Has The Following Long Term Investments 1 Ordinary Shares Of Kornas Co 10 Ownership Held As Non 1 (24.82 KiB) Viewed 40 times
Sheridan Limited has the following long-term investments. (1) Ordinary shares of Kornas Co. (10% ownership) held as non-trading securities, cost £103,000, fair value $110,000. (2) Ordinary shares of Kozanecki OAO. (30% ownership), cost £203,000, equity £253,000. Prepare the investments section of the
statement of financial position. Sheridan Limited
Statement of Financial Position £ E