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Assume that Pete Junior Inc. paid $750,000 for trading securities on December 3, 2019. Two weeks later Pete Junior received a $45,000 cash dividend. At
Assume that Pete Junior Inc. paid $750,000 for trading securities on December 3, 2019. Two weeks later Pete Junior received a $45,000 cash dividend. At December 31, 2019, these trading investments were quoted at a market price of $753,000. At December 31, 2013, which of the following line-items will be reported on Pete Junior's balance sheet: Short term investment of $750,000 Unrealized gain of $3,000 Dividend revenue of $45,000 Short term investment of $753,000
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