Reset Company held investments in trading securities with a fair value of $180,000 as of December 31, 2017. Reset had originally purchased the investments at a price of $152,000 on January 1, 2017. What is the appropriate amount for Reset to report for these investments on its December 31, 2017 balance sheet?
Master Purchasing Trading Securities with a bite sized video explanation from Brian KrogolStart learning
© 1996–2023 Pearson All rights reserved.