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Business, 25.02.2020 02:56 ns047637pea80j
Mitchell Enterprises decided to purchase 1,000 shares of Morgan Manufacturingâs common stock because Morgan produces one of the primary raw materials that Mitchell uses in their manufacturing process. Currently, Morganâs stock is selling for $104 on the New York Stock Exchange. When this information is disclosed on Mitchellâs financial statements, the fair value of the stocks should be considered a fair value measure.
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