Question: Brief Exercise 16-7 Your answer is partially correct. Try again. Godfrey Corporation holds, as a long-term investment available-for-sale securities costing $60,500. At December 31, 2017,

Brief Exercise 16-7 Your answer is partially correct. Try again. Godfrey

Brief Exercise 16-7 Your answer is partially correct. Try again. Godfrey Corporation holds, as a long-term investment available-for-sale securities costing $60,500. At December 31, 2017, the fair value of the securities is $56,450 Show the financial statement presentation of the available-for-sale securities and related accounts. Assume the available-for-sale securities are noncurrent. GOLDFREY CORPORATION Balance Sheet Current Assets Total Long-term Investments 56450 Long-term Liabilities Add Total Liabilities

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