FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Cedar Hospital has a marketable equity securities portfolio that is included appropriately in noncurrent assets in unrestricted funds. The portfolio has an aggregate cost of $300,000. It had an aggregate fair value of $250,000 at the end of 2019 and $290,000 at the end of 2020. If the portfolio was reported properly in the
a. $0.
b. a decrease of $40,000.
c. an increase of $40,000.
d. an increase of $50,000.
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