Stocks categorized as trading securities are purchased for $55,000 during Year 1. The company only closes its books once a year, on 12/31. On December 31st of Year 1 the market value of the stock is $44,000. _______________________________________________________________ On the company’s 12/31 Balance Sheet, "Trading investments (at cost)" will be reported as what value? $44,000 $11,000 $55,000 $43,000

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