aubreyfoster
13.08.2019 •
Business
Lee corp. reported the following available-for-sale marketable equity security on its december 31, 1994, balance sheet: neu corp. common stock, at cost $ 100,000less: allowance for decline in market value (20,000)balance $ 80,000at december 31, 1995, the market value of lee's investment in the neu corp. stock was $85,000. as a result of the 1995 increase in this stock's market value, lee's 1995 income statement should report:
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