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Henry Funaro Productions held investments in trading securities with a fair value of $50,000 at December 31, 2016. These investments cost Henry Funaro Productions $43,000

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Henry Funaro Productions held investments in trading securities with a fair value of $50,000 at December 31, 2016. These investments cost Henry Funaro Productions $43,000 on January 1, 2016. What is the appropriate amount for Henry Funaro Productions to report for these investments on the December 31, 2016, balance sheet? estments in trading securities with a fair value of $50,00 at December O A. $43,000 OB. $50,000 OC. $7,000 gain OD. Cannot be determined from the data given

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