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www.com/axune/3679/pace/18/447/ake 5. Anderson, Inc. purchased the following portfolio of Trading securities near the end of Year 10: B C A Security Cost $80,000 60,000

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www.com/axune/3679/pace/18/447/ake 5. Anderson, Inc. purchased the following portfolio of Trading securities near the end of Year 10: B C A Security Cost $80,000 60,000 22,000 Fair Value at 12/31/Year 10 $84,000 54,000 22,000 What amount will be reported on the balance sheet for this portfolio at December 31, Year 10, and how will it be classified? O As a noncurrent asset in the amount of $162,000

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