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On February 15, Jewel Company buys 7100 shares of Marcelo Corp. at $28.54 per share...

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Accounting

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On February 15, Jewel Company buys 7100 shares of Marcelo Corp. at $28.54 per share the stock is classified as a stock Investment with insignificant influence. This is the company's first and only stock investment On March 15, Marcelo Corp declares a dividend of $116 per share payable to stockholders of record on April 15. Jewel Company received the dividend on Apni 15 and ultimately sells half of the Marcelo Corpstock on November 17 of the current year for $29.31 per share. The fair value of the remaining 3,550 shares is $29.51 per share. The amount that Jewel Company should report in the asset section of its year-end December 31 balance sheet for its investment in Marcelo Corp. is Multiple Choice $104,760 $203.039

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