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Preparing the assets section of Reggit Company

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Question - Need help with preparing the assets section of Reggit Company's December 31 classified balance sheet.

On December 31, Reggit Company held the following short-term investments in its portfolio of available-for-sale debt securities. Reggit had no short-term investments in its prior accounting periods.

Available-for-Sale Securities

Cost

Fair Value

Verrizano Corporation bonds

$89,600

$91,600

Preble Corporation notes

70,600

62,900

Lucerne Company bonds

86,500

83,100

Reference no: EM132429521

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