(Answered) Question - ahnen company owns the following

Accounting

Question - Ahnen Company owns the following investments.

Trading securities (fair value): $70,000

Available-for-sale securities (fair value): 40,000

Held-to-maturity securities (amortized cost): 47,000

What will Ahnen report in investments in its current assets section?

A. $0

B. Exactly $70,000

C. $70,000 or an amount greater than $70,000, depending upon the circumstances

D. Exactly $110,000

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