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Close to year-end, Fox Co. bought several investments with the intent of selling them in the very near term. The investments consisted of $100,000, 8%,
Close to year-end, Fox Co. bought several investments with the intent of selling them in the very near term. The investments consisted of $100,000, 8%, five-year bonds, purchased for $105,000, and equity securities purchased for $85,000. At year-end, the bonds were selling on the open market for $102,000 and the equity securities had a market value of $93,000. What amount should Fox report as trading securities in its year-end balance sheet?
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$198,000
$190,000
$195,000
$185,000
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