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Pat Ernst is the controller of Blossom, Inc. At December 31, the end of its first year of operations, the company's investments in trading
Pat Ernst is the controller of Blossom, Inc. At December 31, the end of its first year of operations, the company's investments in trading debt securities cost $74,100 and have a fair value of $70,650. Indicate how Pat would report these data in the financial statements prepared on December 31. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Under current assets in the balance sheet +A GA
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