Reporting category Item

T. Trading securities ___ 1. 35% of the nonvoting preferred stock of American Aircraft Company.

M. Securities held-to-maturity ___ 2. Treasury bills to be held to maturity.

A. Securities available-for-sale ___ 3. Two-year note receivable from affiliate.

E. Equity method ___ 4. Accounts receivable.

C. Consolidation ___ 5. Treasury bond maturing in one week.

N. None of these ___ 6. Common stock held in trading account for immediate resale.

___ 7. Bonds acquired to profit from short-term differences in price.

___ 8. 35% of the voting common stock of Computer Storage Devices Company.

___ 9. 90% of the voting common stock of Affiliated Peripherals, Inc.

___ 10. Corporate bonds of Primary Smelting Company to be sold if interest rates fall 1/2%.

___ 11. 25% of the voting common stock of Smith Foundries Corporation: 51% family-owned by Smith family; fair value determinable.

___ 12. 17% of the voting common stock of Shipping Barrels Corporation; Investor’s CEO on the board of directors of Shipping Barrels Corporation.

Required:

Indicate (by letter) the way each of the investments listed below most likely should be accounted for based on the information provided.