Business, 13.08.2019 04:30 benoitjaylewe

At year-end, rim co. held several investments with the intent of selling them in the near term. the investments consisted of $100,000, 8%, five-year bonds, purchased for $92,000, and equity securities purchased for $35,000. at year-end, the bonds were selling on the open market for $105,000 and the equity securities had a market value of $50,000. what amount should rim report as trading securities in its year-end balance sheet?

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At year-end, rim co. held several investments with the intent of selling them in the near term. the...

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