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Gowdy Corporation has the following long-term investments Common stock of Dixen Co 10% ownership held as available-for-sale securities, cost $108000 fair value

Gowdy Corporation has the following long-term investments:

(1) Common stock of Dixen Co. (10% ownership) held as available-for-sale securities, cost $108,000, fair value $115,000.

(2) Common stock of Ely Inc. (30% ownership), cost $210,000, equity $270,000. Prepare the investments section of the balance sheet.

Jun 18 2020 View more View Less

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