Question:XYZ Company acquires marketable securities in Year 1 at a cost of $90,000. The securities can be readily converted into cash and XYZ Company intends to do so when it needs cash. How would XYZ Company report this investment on its Year 1 Balance Sheet? 

A As a current asset in the Marketable Securities account 
B As a current asset in the Investment in Securities account 
C As a noncurrent asset in the Marketable Securities account 
D As a noncurrent asset in the Investment in Securities account 

+ Answer
B 

+ Explanation
Answer not sure

+ Report

Md. Habib Ullah

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