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