题目
题目

Introduction to Financial Accounting M4: Quiz

单项选择题

Trading securities purchased in  October 20X1 for $85,000 were valued at $80,000 on December 31, 20X1. The securities were sold at the beginning of 20X2 for $83,000. The 20X1 year-end balance sheet should report trading securities as:

选项
A.of 0.
B.of $85,000.
C.of $80,000.
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思路分析
We begin by restating the information and the choices to set the stage for evaluation. Question: Trading securities purchased in October 20X1 for $85,000 were valued at $80,000 on December 31, 20X1. The securities were sold at the beginning of 20X2 for $83,000. The 20X1 year-end balance sheet should report trading securities as: Answer options: - of 0. - of $85,000. - of $80,000. Now, analyze each option in light of trading securities accounting rules on the balance sheet date. Option 1......Login to view full explanation

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