Homework Answers
Correct answer------ $43,000.
.
Working
Ending chance in marketable securities account= beginning balance minus cost of marketable securities sold.
Ending balance in marketable securities= 250000-207000 = $ 43,000.
.
Cost of marketable securities sold= proceeds from sale of secured+ loss on sale.
Cost of marketable securities=160000+ 47000= 207000.
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