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Balance sheet is short term investments

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The largest current asset on Waverly Corp. balance sheet is Short term investments. the investments cost Waverly 8,660 with a market value of 9,000. if waverly holds the investments in the hope of selling at a profit within a few months. how will Waverly classify the investments? What will Waverly report on the balance sheet at Dec 31,2016? what will waverly report on its 2016 income statement?

Reference no: EM131026571

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Balance sheet is short term investments : The largest current asset on Waverly Corp. balance sheet is Short term investments. the investments cost Waverly 8,660 with a market value of 9,000. if waverly holds the investments in the hope of selling at a profit within a few months.
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