Business, 28.07.2021 01:00 selenaK9514

On December 31, Ott Co. had investments in equity securities as follows: Cost Fair value Lower of cost or fair value
Mann Co. $10,000 $8,000 $8,000
Kemo, Inc. $9,000 $11,000 $9,000
Fenn Corp. $11,000 $9,000 $9,000
$30,000 $28,000 $26,000
The Mann investment is classified as held-to-maturity, while the remaining securities are classified as available-for-sale. Ott does not elect the fair value option for reporting financial assets. Ott's December 31, Year 1, balance sheet should report total marketable debt securities as:.
a. $29,000.
b. $26,000.
c. $30,000.
d. $28,000.

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