Final answer:
The amount reported in the balance sheet for this portfolio at December 31, 2013, will be the fair value of the securities - $84,000, $54,000, and $22,000 for securities A, B, and C, respectively. The portfolio will be classified as trading securities.
Step-by-step explanation:
The amount that will be reported in the balance sheet for this portfolio at December 31, 2013, will be the fair value (FV) of each security. The fair value is the amount that the securities could be sold for in the market. In this case, the fair value for securities A, B, and C are $84,000, $54,000, and $22,000, respectively.
The portfolio will be classified as trading securities because Anthers Inc. bought them with the intent to sell them in the near future. Trading securities are reported at fair value on the balance sheet, with any changes in fair value recorded as gains or losses in the income statement.