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What alpha should report debt securities on balance sheet

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Reference no: EM132722202

Problem 1: During 20X9, Alpha Co. purchased debt securities classified as trading securities. At the end of 20X9, the market value of Alpha's investment in debt securities exceeded the amortized cost. Alpha should report the debt securities on its 20X9 balance sheet at

A. Amortized cost

B. Market value

C. Cost

D. Lower of cost or market

Reference no: EM132722202

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