Harvey Penick Tennies Academy held investment in trading securities with a fair value of $55,000 at December
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Harvey Penick Tennies Academy held investment in trading securities with a fair value of $55,000 at December 31, 2014. These investments cost Harvey Penick $47,000 on January 1, 2014. What is the appropriate amount for Harvey Penick to report for these investments on the December 31, 2014, balance sheet?
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
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