Question

 

Kitty Company began operations in 2016 and maintains short-term investments in trading securities. The year-end cost and fair values for its portfolio of these investments follow.

 

Portfolio of Trading SecuritiesCostFair ValueDecember 31, 2016$49 $41 December 31, 2017 48  58 December 31, 2018 66  81 December 31, 2019 68  61 

Subject: Accounting, Business
Kitty Company began operations in 2016 and maintains short-term investments in trading securities. The year-end cost and fair values for its...
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