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Selected accounts from GermX Company's adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) $ 8,800 Cash Short-term stock
Selected accounts from GermX Company's adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) $ 8,800 Cash Short-term stock investments (at cost) Equity method investments Held-to-maturity securities (long-term) 32,500 Fair value adjustment-stock 79,500 Accounts receivable 22,500 Fair value adjustment-trading $19,500 (2,900) 11,500 2,400 Prepare the assets section of a classified balance sheet. Hint Fair Value Adjustment-Trading increases trading securities; Fair Value Adjustment-Stock decreases stock investments. (Amounts deducted should be indicated by a minus sign.) Current assets Total current assets Long-term Investments GERMX COMPANY Assots Section of Balance Sheet December 31 Assets Total long-term investments. otal assets 0 0 + 0 $ 0 < Prev 7 of 8 Next >
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