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The largest current asset on Waverly Corporation's balance sheet at December 31, 2016, is Investment in Trading Securities. The investments consist of stock in other corporations and cost Waverly $8,660 (amounts in millions). At the balance sheet date, the fair value ding then actively for a profit and converting them to cash within four to six months. i Requirements Read the requirements. Waverly will classify the investments as b. What will Waverly report on the balance sheet at December 31, 2016? (Enter am Waverly Company a. How will Waverly classify the investments? b. What will Waverly report on the balance sheet at December 31, 2016? c. What will Waverly report on its 2016 income statement? d. Show a T-account for Investment in Trading Securities. e. Suppose Waverly sells the investment in securities for $8,700 in 2017. Journalize the sale and then show the Investment in Trading Securities T-account as it appears after the sale. Balance Sheet (partial) December 31, 2016 In Millions of $ Print Done Choose from any list or enter any number in the input fields and then continue The largest current asset on Waverly Corporation's balance sheet at December 31, 2016, is Investment in Trading Securities. The investments consist of stock in other corporations and cost Waverly $8,660 (amounts in millions). At the balance sheet date, the fair value ding then actively for a profit and converting them to cash within four to six months. i Requirements Read the requirements. Waverly will classify the investments as b. What will Waverly report on the balance sheet at December 31, 2016? (Enter am Waverly Company a. How will Waverly classify the investments? b. What will Waverly report on the balance sheet at December 31, 2016? c. What will Waverly report on its 2016 income statement? d. Show a T-account for Investment in Trading Securities. e. Suppose Waverly sells the investment in securities for $8,700 in 2017. Journalize the sale and then show the Investment in Trading Securities T-account as it appears after the sale. Balance Sheet (partial) December 31, 2016 In Millions of $ Print Done Choose from any list or enter any number in the input fields and then continue