Hauser Corporation holds 1,900 shares of Marlow Corporation common stock as its sole long-term investment.Hauser does not have significant influence or control over Marlow.The stock was purchased during 2009 at a price of $60 per share.On December 31,2009,the market price of Marlow's stock was $54 per share.On December 31,2010,the market price of Marlow's stock was $68 per share.What should be reported as the carrying value of the investment on Hauser's December 31,2009,and December 31,2010,balance sheets,respectively?
A) 114,000; 114,000
B) 102,600; 114,000
C) 102,600; 102,600
D) 102,600; 129,200
Correct Answer:
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