Recent Posts • Latest Topics • Unanswered Questions

Black Corporation bought the following securities during the current year:

SSASSY

wrote...

Go to Answer

Posts: 342

Rep:

5 years ago

Black Corporation bought the following securities during the current year:

Black Corporation bought the following securities during the current year:

SecurityCostFair Value
Alpha Co.$91,000$98,000
Beta Co.$70,000$67,000
Delta Co.$30,000$38,000

Assume that these securities are trading securities. How will these securities be classified on the balance sheet at December 31 of the current year?

A)
AmountClassification
$191,000Current Asset

B)
AmountClassification
$203,000Current Asset

C)
AmountClassification
$191,000Noncurrent Asset

D)
AmountClassification
$203,000Noncurrent Asset

Textbook

Intermediate Accounting

Edition: 1^st

Authors: Gordon, Raedy, Sannella

Read 20 times

1 Reply

Report

Replies

Answer verified by a subject expert

GamerGeek

wrote...

5 years ago

More solutions for this book are available here

2 Votes

Fanmkreyol, einstein

Report

Related Topics

SSASSY Author

wrote...

5 years ago

Smart ... Thanks!

ethom947

wrote...

Yesterday

Thanks for your help!!

homework1

wrote...

2 hours ago

This calls for a celebration Person Raising Both Hands in Celebration

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1231 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

325

542

865

Your Opinion

Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.