the zee stock was sold in january 2007 for 10 200 in kent rsquo s personal statement 606406
The following information pertains to marketable equity securities owned by Kent:
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|
Fair value at December 31, |
Cost in 2005 |
||
|
Stock |
2007 |
2006 |
|
|
City Mfg., Inc. |
$95,500 |
$93,000 |
$89,900 |
|
Tri Corp. |
3,400 |
5,600 |
3,600 |
|
Zee, Inc. |
10,300 |
15,000 |
|
The Zee stock was sold in January 2007 for $10,200. In Kent’s personal statement of financial condition at December 31, 2007, what amount should be reported for marketable equity securities?
- $93,300
- $93,500
- $94,100
- $98,900