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Short-term stock investments (at cost) Selected accounts from GermX Company's adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) $
Short-term stock investments (at cost) Selected accounts from GermX Company's adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) $ 7,200 Cash $ 15,500 Equity method investments Held-to-maturity securities (long-term) 28,500 Fair value adjustment-stock 75,500 Accounts receivable 18,500 Fair value adjustment-trading (2,100) 7,500 1,600 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 GERMX COMPANY Assets Section of Balance Sheet December 31 Assets Total current assets Long-term Investments Total long-term investments Total assets 0 0 0 $ 0
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