On March 4, 2017, Evan Co. purchased 1,000 shares of LVC common stock at $80 per share. On September 26, 2017, Evan received 1,000 stock rights to purchase an additional 1,000 shares at $90 per share. The stock rights had an expiration date of February 1, 2018. On September 30, 2017, LVC's common stock had a market value, exrights, of $95 per share and the stock rights had a market value of $5 each. What amount should Evan report on its September 30, 2017, Balance Sheet for investment in stock rights
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On March 4, 2017, Evan Co. purchased 1,000 shares of LVC common stock at $80 per share. On September...
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