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What amount will be reported on the balance sheet

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Question - On January 1, 2017, FirstCare Company paid $100,000 for 4,000 shares of Green Company common stock. These securities were classified as trading securities. The ownership in Green is 10%. Green reported net income of $52,000 for the year ended December 31, 2003.The fair value of the Green stock on that date was $30 per share. What amount will be reported on the balance sheet of FirstCare Co. for the investment in Green at December 31, 2017?

a. $100,000

b. $105,200

c. $ 94,800

d. $120,000

Reference no: EM132183391

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