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Selected accounts from GermX Co.’s adjusted trial balance for the year ended December 31 follow. Trading...

Selected accounts from GermX Co.’s adjusted trial balance for the year ended December 31 follow.

Trading securities (at cost) $ 5,000 Cash $ 10,000
Short-term stock investments (at cost) 23,000 Fair value adjustment—stock (1,000 )
Equity method investments 70,000 Accounts receivable 2,000
Held-to-maturity securities (long-term) 13,000 Fair value adjustment—trading 500


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.)

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