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Ship Your Way Corporation generated excess cash and invested in securities as follows: Classify each of the investments made during 2016 (Assume the investments represent

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Ship Your Way Corporation generated excess cash and invested in securities as follows: Classify each of the investments made during 2016 (Assume the investments represent less than 20% of ownership of outstanding voting stock.) Journalize the 2016 transactions Explanations are not requited Prepare T-accounts for the investment assets, and show how to report the investments on Ship Your Ways balance sheet at December 31, 2016 Classify each of the investments made during 2016 (Assume the Investments represent less than 20% of ownership of outstanding voting stock)

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