Ewok Enterprises Recently Elected the Fair Value Option to Account

question 2

Multiple Choice

Ewok Enterprises recently elected the fair value option to account for its investment in Yoda Inc. Ewok purchased the shares for $204,000 and the shares are currently trading for $190,000 at year-end. What is the carrying value of this investment on the balance sheet of Ewok?

• A) $204,000
• B) $14,000
• C) $394,000
• D) $190,000

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Definitions:

Trachea

A cartilaginous tube between the larynx and the main bronchus of the respiratory tree.

Lung Cancer Treatment

Medical interventions utilized to address lung cancer, including surgery, chemotherapy, radiation therapy, and targeted therapy.

Thoracentesis

A medical procedure performed to remove fluid or air from the pleural space surrounding the lungs to diagnose or treat diseases.

Surgical Excision

The removal of tissue, an organ, or a tumor from the body by cutting, typically during surgery.