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Brutus Company owned the following investments at year-end before fair value adjustments and amortization: Financial assets at fair value through profit or loss, 600,000; financial
Brutus Company owned the following investments at year-end before fair value adjustments and amortization: Financial assets at fair value through profit or loss, 600,000; financial assets at fair value through OCI, 350,000; financial assets at amortized cost, 470,000. What total amount of noncurrent assets should be reported at year-end?
a. 1,070,000 b. 950,000 c. 820,000
Note: Please provide an explanation
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