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Tride Ltd. purchased 1004 shares of Next Ltd, on July 1, 20x5 at $17.97 per share. On December 31, 20x5, the market value of the
Tride Ltd. purchased 1004 shares of Next Ltd, on July 1, 20x5 at $17.97 per share. On December 31, 20x5, the market value of the Next shares was $10.47 and on December 31, 20x6, the market value had increased to $12.40. On February 28, 20x7, the shares of Next Ltd. were sold for $24.45. What is the balance of the Investment in Next Ltd, account at January 1, 20x7? Select one: a. $10512 b. $24548 O c. $18042 d. $12450 Check
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