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Pharoah Corporation has the following long-term investments. (1) Common stock of Eidman Co. (10% ownership), cost $102,500, fair value $109,500. (2) Common stock of Pickerill Inc. (30% ownership), cost $202,500, equity $252,500. (3) Debt investment, cost $92,500, fair value $152,500.Prepare the investments section of the balance sheet.
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Pharoah Corporation has the following long-term investments. (1) Common stock of Eidman Co. (10% own...
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