Anthers Inc. bought the following portfolio of trading securities near the end of 2018. What amount will be reported in the balance sheet for this portfolio at December 31, 2018, and how will it be classified? $$\begin{array} { l l l }
& \text { Arnount } & \text { classificatim } \
\text { a. } & \$ 162,000 & \text { Noncurtent Asset } \
\text { b. } & \$ 162,000 & \text { Curtent Asset } \
\text { c. } & \$ 160,000 & \text { Noncurtent Asset } \
\text { d. } & \$ 160,00 0& \text { Current Asset }
\end{array}$$

Question

Anthers Inc. bought the following portfolio of trading securities near the end of 2018.  What amount will be reported in the balance sheet for this portfolio at December 31, 2018, and how will it be classified? $$\begin{array} { l l l } 
& \text { Arnount } & \text { classificatim } \
\text { a. } & \$ 162,000 & \text { Noncurtent Asset } \
\text { b. } & \$ 162,000 & \text { Curtent Asset } \
\text { c. } & \$ 160,000 & \text { Noncurtent Asset } \
\text { d. } & \$ 160,00 0& \text { Current Asset }
\end{array}$$

Quizplus · Accepted Answer

$84,000 + $54,000 + $22,000 = $160,000

Anthers Inc A) Option a B) Option B C) Option C D)

Anthers Inc A) Option a
B) Option B
C) Option C
D)