Martin Co. purchased the following portfolio of trading securities during 2011 and reported the following balances at December 31, 2011. No sales occurred during 2011. All declines are considered to be temporary.
The carrying value of the portfolio at December 31, 2011, on Martin Co.'s balance sheet would be
A) $222,000.
B) $240,000.
C) $242,000.
D) $252,000.
Correct Answer:
Verified
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