Business
Fundamental Accounting Principles 25th
Selected accounts from GermX Co.s adjusted trial balance for the

Selected accounts from GermX Co.s adjusted trial balance for the year ended December 31 follow. Prepare the

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Selected accounts from GermX Co.’s adjusted trial balance for the year ended December 31 follow. Prepare the assets section of a classified balance sheet. Fair Value Adjustment—Stock decreases stock investments.

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Trading securities (at cost)... Short-term stock investments (at cost) . Equity method investments.... Held-to-maturity securities (long-term)... $ 5,000 Cash $10,000 23,000 Fair value adjustment-Stock (1,000) 70,000 Accounts receivable.... 2,000 13,000 Fair value adjustment-Trading.. 500

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Fundamental Accounting Principles

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25th Edition

Authors: John J Wild, Ken Shaw

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