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Anthers Inc. bought the following portfolio of trading securities near the end of 2021. Security A Cost $80,000 Fair value 12/31/2021 $84,000 B 60,000
Anthers Inc. bought the following portfolio of trading securities near the end of 2021. Security A Cost $80,000 Fair value 12/31/2021 $84,000 B 60,000 54,000 22,000 22,000 What amount will be reported in the balance sheet for this portfolio at December 31, 2021, and how will it be classified? Classification Noncurrent Asse a. Amount $162,000 b. $162,000 Current Asset C. $160,000 Noncurrent Asset d. $160,000 Current Asset Multiple Choice Option a.
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