Horton Company owns the following investments: $$\begin{array} { l r }
\text { Trading securities (fair value) } & \$ 60,000 \
\text { Available-for-sale securities (fair value) } & 35,000 \
\text { Held-to-maturity securities (amortized cost) } & 47,000
\end{array}$$ Horton will report securities in its long-term investments section of
A)exactly $95,000.
B)exactly $107,000.
C)exactly $142,000.
D)$82,000 or an amount less than $82,000, depending on the circumstances.

Question

Horton Company owns the following investments: $$\begin{array} { l r } 
\text { Trading securities (fair value) } & \$ 60,000 \
\text { Available-for-sale securities (fair value) } & 35,000 \
\text { Held-to-maturity securities (amortized cost) } & 47,000
\end{array}$$ Horton will report securities in its long-term investments section of
A)exactly $95,000.
B)exactly $107,000.
C)exactly $142,000.
D)$82,000 or an amount less than $82,000, depending on the circumstances.

Quizplus · Accepted Answer

The Answer of Horton Company owns the following investments: $$\begin{array} { l r } 
\text { Trading securities (fair value) } & \$ 60,000 \
\text { Available-for-sale securities (fair value) } & 35,000 \
\text { Held-to-maturity securities (amortized cost) } & 47,000
\end{array}$$ Horton will report securities in its long-term investments section of
A)exactly $95,000.
B)exactly $107,000.
C)exactly $142,000.
D)$82,000 or an amount less than $82,000, depending on the circumstances.

Horton Company Owns the Following Investments Horton Will Report Securities in Its Long-Term Investments Section of }