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Fair value 12/31/2024 $ 94,000 64,000 32,000 What amount will be reported in the balance sheet for this portfolio at December 31, 2024, and how will it be class Security A B C Cost $ 90,000 70,000 32,000 Amount Classification $ 192,000 Noncurrent Asset

Fair value 12/31/2024 $ 94,000 64,000 32,000 What amount will be reported in the balance sheet for this portfolio at December 31, 2024, and how will it be class Security A B C Cost $ 90,000 70,000 32,000 Amount Classification $ 192,000 Noncurrent Asset

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Anthers Incorporated bought the following portfolio of trading securities near the end of 2024: Fair value 12/31/2024 $ 94,000 64,000 32,000 What amount will be reported in the balance sheet for this portfolio at December 31, 2024, and how will it be classified? . Security A B Amount Classification a. $ 192,000 Noncurrent Asset $ 192,000 Current Asset. . $ 190,000 Noncurrent Asset $ 190,000 Current Asset Cost $ 90,000 70,000 32,000 Multiple Choice O Option a Option b Option c Option d
Transcribed Image Text:Anthers Incorporated bought the following portfolio of trading securities near the end of 2024: Fair value 12/31/2024 $ 94,000 64,000 32,000 What amount will be reported in the balance sheet for this portfolio at December 31, 2024, and how will it be classified? . Security A B Amount Classification a. $ 192,000 Noncurrent Asset $ 192,000 Current Asset. . $ 190,000 Noncurrent Asset $ 190,000 Current Asset Cost $ 90,000 70,000 32,000 Multiple Choice O Option a Option b Option c Option d
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