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Satellite Corporation Has the Following Investments at December 31,2016

Question 80

Multiple Choice

Satellite Corporation has the following investments at December 31,2016:
Satellite Corporation has the following investments at December 31,2016: If Satellite classifies its investment in Davenport at fair value through profit or loss,what amount will be reported for the investment at September 30,2016? A) $1,000 B) $18,000 C) $19,000 D) $20,000
If Satellite classifies its investment in Davenport at fair value through profit or loss,what amount will be reported for the investment at September 30,2016?


A) $1,000
B) $18,000
C) $19,000
D) $20,000

Correct Answer:

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