Answer:
No option is correct, since only trading securities are must always be included as current assets and they are worth $151,500 (not even close to $160,000).
The correct answer would be:
- $151,500 or an amount greater than $151,500, depending on the circumstances.
Step-by-step explanation:
trading securities are always reported as current assets
available for sale securities can be reported as current assets if the company expects to sell them in the current period (less than one year)
held to maturity securities can only reported as current assets if the securities mature within one year