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, and how will it be classified

d. $ 160,000, Current Asset.

Explanation:

Step 1. Given information.

Security    CostFair value 12/31/2016

A         $80,000  $84,000

B          60,000            54,000

C          22,000             22,000

Step 2. Formulas needed to solve the exercise.

Fair value = security cost A + Security cost b + security cost c

Step 3. Calculation and Step 4. Solution.

Fair value on 12/31/2016 = $ 84,000 + $ 54,000 + $ 22,000 = $ 160,000.

As these are trading securities, they are reported in the balance as current or short-term assets at fair value.

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