Business, 06.05.2020 02:37 abigailstolp

The following transactions occurred during the year for XYZ Corporation: (a.) During the year, trading securities were purchased for $250,000. (b.) During the year, securities available for sale were purchased for $80,000. (c.) During the year, trading securities that are carried on the balance sheet at their fair value of $125,000 were sold for $125,000 cash. (d.) At the end of the year, the trading securities portfolio has an aggregate fair value of $142,000 and an aggregate cost of $150,000. (e.) At the end of the year the securities available for sale portfolio has an aggregate fair value of $95,000.

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The following transactions occurred during the year for XYZ Corporation: (a.) During the year, tradi...