Quest.5

5 On December 1, the company purchased securities for $1,000. On December 31, the company still held the securities. Before considering the impact of the change in value of the securities, the net income for the company was $1,500. Compute net income assuming that the December 31 fair value of the securities was $850. Assume that the securities are classified as trading. $1,650 $1,500 $850 $1,350 $1,000 FEEDBACK 0/1 (0.0%)