Selected accounts from GermX Company's adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) $ 8,400 Cash Short-term stock investments (at cost) Equity method investments 31,500 Fair value adjustment-stock 78,500 Accounts receivable Held-to-maturity securities (long-term) $ 18,500 (2,700) 10,500 21,500 Fair value adjustment-trading 2,200 Prepare the assets section of a classified balance sheet. Hint. Fair Value Adjustment-Trading increases trading securities; Fair Value Adjustment-Stock decreases stock investments. Note: Amounts deducted should be indicated by a minus sign. Current assets Cash Total current assets Long-term Investments GERMX COMPANY Assets Section of Balance Sheet December 31 Assets 0 0 0

Selected accounts from GermX Company's adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) $ 8,400 Cash Short-term stock investments (at cost) Equity method investments 31,500 Fair value adjustment-stock 78,500 Accounts receivable Held-to-maturity securities (long-term) $ 18,500 (2,700) 10,500 21,500 Fair value adjustment-trading 2,200 Prepare the assets section of a classified balance sheet. Hint. Fair Value Adjustment-Trading increases trading securities; Fair Value Adjustment-Stock decreases stock investments. Note: Amounts deducted should be indicated by a minus sign. Current assets Cash Total current assets Long-term Investments GERMX COMPANY Assets Section of Balance Sheet December 31 Assets 0 0 0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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