on january 1 2014 rusty inc decides to invest in 10000 shares of horsepasture stock when th/

/in /by

Requirements
1. Identify what type of investment the Horsepasture stock is for Rusty.
2. Journalize the transactions related to Rusty’s investment in the Horsepasture stock during 2014.
3. In what category and at what value would Rusty’s report the investment on the December 31, 2014, balance sheet?