Kruger corporation has the following long-term investments, Accounting Basics

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Kruger corporation has the following long-term investments

Kruger Corporation has the following long-term investments. (1) Common stock of Eidman Co. (10% ownership) held as available-for-sale securities cost $108,000, fair value $115,000. (2) Common stock of Pickerill Inc. (30% ownership), cost $210,000, equity $260,000. Prepare the investments section of the balance sheet.

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Accounting Basics: Kruger corporation has the following long-term investments

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