Question: Master Putter Tennis Academy held investments in trading securities with a fair value of S5S,000 at December 31 , 201 These investments cost Master

Master Putter Tennis Academy held investments in trading securities with a fair value of S5S,000 at December 31 , 201 These investments cost Master

Putter $48,000 on January 1, 2014. What is the appropriate amount for

Master Putter to report for these investments on the December 31, 2014,

Master Putter Tennis Academy held investments in trading securities with a fair value of S5S,000 at December 31 , 201 These investments cost Master Putter $48,000 on January 1, 2014. What is the appropriate amount for Master Putter to report for these investments on the December 31, 2014, balance sheet? $48,000 $55,000 $7,000 gain cannot be determined from the data given

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