Answer these questions about investments 1 What is the amount to report on the balance sheet for a trading security 2 Why is a trading security always a current asset Explain ...

1 Trading investments are reported at their current market value 2 A ...

Answer these questions about investments. 1. What is the amount to report on the balance sheet for

Question:

Answer these questions about investments.
1. What is the amount to report on the for a trading security?
2. Why is a trading security always a current asset? Explain.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...