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What is the carrying value of the securities on december

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Dickinson Company acquired the following portfolio of trading securities during 2020 and reported the following balances at December 31, 2020. No sales occurred during 2020. All declines are considered to be temporary:

Security Cost 12/31/20 Market value

BPI P 700,000 P 720,000

BDO 850,000 800,000

PSB 1,050,000 1,280,000

Problem 1: What is the carrying value of the securities on December 31, 2020 on Dickinson's balance sheet

Reference no: EM132692459

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