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Exercise 1516 (Algo) Preparing assets section of balance sheet LO C1, P1, P2, P3, P4, P5 Selected accounts from Germ x Company's adjusted trial balance

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Exercise 1516 (Algo) Preparing assets section of balance sheet LO C1, P1, P2, P3, P4, P5 Selected accounts from Germ x Company's adjusted trial balance for the year ended December 31 follow. 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

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