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