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WS Help Delivery King Corporation generated excess cash and invested in securities as follows: (Click the icon to view the transactions.) Read the requirements Requirement

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WS Help Delivery King Corporation generated excess cash and invested in securities as follows: (Click the icon to view the transactions.) Read the requirements Requirement 1. Classify each of the investments made during 2018. (Assume the investments represent less than 20% of ownership of outstanding voting stock.) Classification Reason Lexi stock Rose bond Available for Sale Debt Investment Controlling interest equity Investment Held-to-Maturity Debt Investment No Significant interest equity investment Significant interest equity investment Trading Debt Investment Delivery King Corporation generated excess cash and invested in securities as follows: Click the icon to view the transactions.) Read the requirements Requirement 1. Classify each of the investments made during 2018. (Assume the investments represent less than 20% of ownership of outstanding voting stock.) Classification Reason Lex stock Rose bond Intent is to hold for less than a year Intent is to hold for several years. Investment will be held to maturity Ownership is between 20% and 50% of total oustanding stock, Ownership is greater than 50% of total outstanding stock. Ownership is less than 20% of total oustanding stock

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