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On December 31, Mars Co. had the following portfolio of stock investments with insignificant influence. Mars had no stock invRequired 1 Required 2 After the fair value adjustment is made, prepare the assets section of Mars Co.s December 31 classifieRequired 1 Required 2 In which income statement section is the unrealized gain (or loss) on the portfolio of stock investmentCost of goods sold Cost of sales Other Revenues and Gains (or Expenses and Losses) Salaries expense

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1 MARS CO. Assets Section of Balance Sheet December 31 Assets Current Assets short term investments $21,100 Total $21,100 2 O

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