Moyers Company purchased trading securities for a total cost of $65,000. At the end of the period, it was determined tha

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answerhappygod
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Moyers Company purchased trading securities for a total cost of $65,000. At the end of the period, it was determined tha

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Moyers Company purchased trading securities for a total cost of$65,000. At the end of the period, it was determined that thesesecurities had an unrealized gain of $3,000. Based on thisinformation, what is the fair value of these securities?
A)$21,000
B)$68,000
C)$19,500
D) $62,000
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