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What is the balance sheet amount for trading securities

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Question - On 1/2/20X6, ALPHA acquired 100 shares of CHARLIE Corporation stock at $20 per share, 200 shares of DELTA Corporation stock at $40 per share, and 100 shares of ECHO Corporation stock at $30 per share. All of these shares were purchased as trading securities. The market price per share of these securities at the end of 20X6 and 20X7, respectively, are:

Company

12/31/x6

12/31/x7

CHARLIE

$8

$22

DELTA

$38

$34

ECHO

$34

$30

Required - What is the balance sheet amount for trading securities at the end of 20X7?

Reference no: EM132564445

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