Rolling GreenRolling Green

Productions held investments in equity securities (in

Upper E minus cardEcard

Company) with a fair value of

$55,000

at December 31,

2018.

These investments cost

Rolling GreenRolling Green

Productions

$45,000

on January 1,

2018.

What is the appropriate amount for

Rolling GreenRolling Green

Productions to report for these investments on the December 31,

2018,

balance sheet? (Assume that

Rolling GreenRolling Green

has insignificant influence over

Upper E minus cardEcard

Company.)

A. A

$10,000

gain

B.

$55,000

C.

$45,000

D.

Cannot be determined from the data given