(Solution) - On November 16 Edward Jones Co paid 98 000 for trading -(2025 Original AI-Free Solution)

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On November 16, Edward Jones Co. paid $98,000 for trading investment in the stock of Yahoo.com. On December 12, Edward Jones received a $500 cash dividend from Yahoo. It is now December 31, and the market value of the Yahoo stock is $91,000. For this investment, show what Edward Jones should report in its income statement and balance sheet.