At December 31, 2018, the held for trading investments for Marx Inc. are as follows:...
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Accounting
At December 31, 2018, the held for trading investments for Marx Inc. are as follows:
SECURITY
COST
FAIR VALUE
A
$18,900
$21,200
B
$11,900
$13,500
C
$22,200
$20,200
TOTALS
$53,000
$54,900
Show the financial statement presentation of the held for trading investments and any related accounts at December 31, 2018.
MARXINC Statement of Financial Position (Partial) For the Year Ended December 31, 2018 MARX ING. Income Statement (Partial) For the Year Ended December 31, 2018
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