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Drive the Green Tennis Academy held investments in trading securities with a fair value of $45,000 at December 31, 2014. These investments cost Drive the
Drive the Green Tennis Academy held investments in trading securities with a fair value of $45,000 at December 31, 2014. These investments cost Drive the Green $35,000 on January 1 2014. What should appear on the Drive the Green income statement for the year ended December 31, 2014, for the trading securities? OA. $45,000 O B. $10,000 unrealized gain C. $35,000 O D. cannot be determined from the data given
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