Question

Fulton Company owns the following investments: Trading securities (fair value) $160,000 Available-for-sale securities (fair value) 70,000 Held-to-maturity securities (amortized cost) 94,000 Fulton will report investments in its current assets section of

Answer 1

the investment should be reported in the current asset section for $16,0000

Step-by-step explanation:

The computation of the current asset section that report the investment is shown below:

= Investment value

= Fair value of the trading securities

= $160,000

Hence, the investment should be reported in the current asset section for $16,0000

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