Investment in an active trading account for immediate resale

Assignment Help Financial Accounting

Reference no: EM13795322

On December 29, Adams Apples purchased 1,000 shares of General Electric common stock for $19,000 and placed in investment in an active trading account for immediate resale. On December 31, the market value of the stock is $20 per share. What is the appropriate reporting category for this investment, and at what amount will Adams Apples report it in the year-end balance?

Reference no: EM13795322

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