A non-governmental, not-for-profit organization held the following investments: Investment Cost Fair value (beginning of the year) Fair value (end of the year) Stock A (100 shares) $50 per share $45 $51 Stock B (200 shares) $40 per share $41 $49
What amount should be the total value of investments reported in the year-end statement of financial position?
a. $22,900
b. $24,800
c. $24,850
d. $23,800
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