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On 1/2/20X6, ALPHA acquired 100 shares of CHARLIE Corporation stock at $20 per share, 200 shares of DELTA Corporation stock at $40 per share, and
On 1/2/20X6, ALPHA acquired 100 shares of CHARLIE Corporation stock at $20 per share, 200 shares of DELTA Corporation stock at $40 per share, and 100 shares of ECHO Corporation stock at $30 per share.All of these shares were purchased as trading securities.The market price per share of these securities at the end of 20X6 and 20X7, respectively, are:
Company
12/31/x6
12/31/x7
CHARLIE
$8
$22
DELTA
$38
$34
ECHO
$34
$30
What is the balance sheet amount for trading securities at the end of 20X7?
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