(a) Calculate the amount of investments reported as current assets. Investments reported as current assets =...
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(a) Calculate the amount of investments reported as current assets. Investments reported as current assets = $ (b) Calculate the amount of investments reported as noncurrent assets. Investments reported as noncurrent assets = $ (c) Calculate the unrealized gain (or loss) component of pretax income. Unrealized gain (or loss) component of pretax income = $ (d) Calculate the unrealized gain (or loss) component of shareholders' equity. Unrealized gain (or loss) component of shareholders' equity = $ Cost Fair Value Investments, trading FVNI: Security A $880,000 $930,000 Security B Totals 85,000 90,000 $965,000 $1,020,000 Investments, FVOCI: Security C $690,000 $800,000 Security D Totals 855,000 850,000 $1,545,000 $1,650,000 Investments, amortized cost: $480,000 $535,000 590,000 635,000 $1,070,000 $1,170,000 Security E Security F Totals No investments were sold during 2020. All securities except Security C and Security F are considered short-term investments. None of the market changes are considered permanent. Please make sure your final answer(s) are accurate to the nearest whole number. (a) Calculate the amount of investments reported as current assets. Investments reported as current assets = $ (b) Calculate the amount of investments reported as noncurrent assets. Investments reported as noncurrent assets = $ (c) Calculate the unrealized gain (or loss) component of pretax income. Unrealized gain (or loss) component of pretax income = $ (d) Calculate the unrealized gain (or loss) component of shareholders' equity. Unrealized gain (or loss) component of shareholders' equity = $ Cost Fair Value Investments, trading FVNI: Security A $880,000 $930,000 Security B Totals 85,000 90,000 $965,000 $1,020,000 Investments, FVOCI: Security C $690,000 $800,000 Security D Totals 855,000 850,000 $1,545,000 $1,650,000 Investments, amortized cost: $480,000 $535,000 590,000 635,000 $1,070,000 $1,170,000 Security E Security F Totals No investments were sold during 2020. All securities except Security C and Security F are considered short-term investments. None of the market changes are considered permanent. Please make sure your final answer(s) are accurate to the nearest whole number.
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Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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