View the step-by-step solution to: Kohler Company owns the following investments: Trading

Kohler Company owns the following investments:

Trading securities (fair value) $60,000
Available-for-sale securities (fair value) 35,000
Held-to-maturity securities (amortized cost) 47,000

Kohler will report securities in its long-term investments section of

$82,000 or an amount less than $82,000, depending on the circumstances.

exactly $95,000.

exactly $107,000.

exactly $142,000.

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