Chapter 10, Problem 10.15E

1.

To determine

Trading Investments:

Trading investments are the investments in debt or equity securities where the investor holds less than 20% of the voting stock. The investor wishes to sell these investments at a short notice like in a few days, week, or months to generate some profit out of it. They are treated as current assets.

To Journalize: The transaction of HT Publishers’ in G’s stock for the year 2016.

2.

To determine

To journalize: The sale of investment in stock.

3.

To determine

To identify: The account(s) and amount(s) which HT Publishers would report in its balance sheet for the year ended December 31, 2016.