Answer:
The correct option is d. $ 160,000 Current Asset
Explanation:
Trading securities : The trading securities are those securities which is to be traded over the stock exchange schemes. It is come under current asset in the balance sheet. The motive behind these securities is to earn more and more by buying and selling them in a very short period of time.
It is computed on the basis of fair value concept.
Thus, the value of trading securities is equal to
= Fair value of A + Fair value of B + Fair value of C
= $84,000 + $54,000 + $22,000
= $160,000
Hence, the amount will be reported in the balance sheet for this portfolio at December 31, 2018 is $160,000 and it is classified under current asset.
Thus, the correct option is d. $ 160,000 Current Asset
