Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. anthers inc. bought the following portfolio of tra

Anthers Inc. bought the following portfolio of trading securities near the end of 2018. Security...

80.2K

Verified Solution

Question

Accounting

Anthers Inc. bought the following portfolio of trading securities near the end of 2018. Security Cost Fair value 12/31/2018 A $ 80,000 $ 84,000 B 60,000 54,000 C 22,000 22,000 What amount will be reported in the balance sheet for this portfolio at December 31, 2018? Prepare the year end adjusting journal entry if needed.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Inside a boiler with a volume of 0.5 m, there is wet steam with a half...

Mechanical Engineering
Q

Question 3 30 marks Travel On Inc. sells luggage. They sell a duffle bag, a carry-on...

Accounting
Q

Match each element from the scenario below with the term from the communication model it...

Biology
Q

owing equation represents a hyperbola Fut the equation in to standard for Standard form of...

Geometry
Q

Offer a brief introduction that provides basic context and then a thesis Organize your argument...

Basic Math
Q

Calculate the derivative ftant sin x dx 0 dt J1

Calculus
Q

Question 3 - Department Given below is information of a government department concerning warrants received...

Accounting
Q

If Gary's Shoes pays Al Bundy a salary of $25,000 per year and decided to...

Accounting
Q

Michael J owns renovation business under the name New Home. Financial data for New Home...

Accounting
Q

You are testing the controls over bank accounts for your audit client, Orleans Ltd. You...

Accounting
Q

Use Exhibit 128.1 and Exhibit 128.2 to locate the present value of an annuity of...

Accounting
Q

In an operating lease, the amortization of the right-of-use asset in the third year is:...

Accounting