Terra Cotta Company Has the Following Data at December 31$$\begin{array} { l r r }
\text { Securities } & \text { Cost }& \text { Fair Value } \
\text { Available-for-sale } & \$ 34,000 & \$ 39,000 \
\text { Trading } & 46,000 & 42,000
\end{array}$$

Question

Terra Cotta Company Has the Following Data at December 31$$\begin{array} { l r r } 
\text { Securities } & \text { Cost }&  \text { Fair Value } \
\text { Available-for-sale } & \$ 34,000 & \$ 39,000 \
\text { Trading } & 46,000 & 42,000
\end{array}$$

Examlex · Accepted Answer

The Answer of Terra Cotta Company Has the Following Data at December 31$$\begin{array} { l r r } 
\text { Securities } & \text { Cost }&  \text { Fair Value } \
\text { Available-for-sale } & \$ 34,000 & \$ 39,000 \
\text { Trading } & 46,000 & 42,000
\end{array}$$

Terra Cotta Company Has the Following Data at December 31

Definitions: