General Motors invests in securities of other companies. Access GMs 2019 10-K (which includes financial statements) using
Question:
General Motors invests in securities of other companies. Access GM’s 2019 10-K (which includes financial statements) using EDGAR at www.sec.gov.
Required:
1. What is the amount and classification of any AFS investment securities reported in the balance sheet? In which current and noncurrent asset categories are investments reported by GM? Is there an amount you can’t find in the balance sheet but that you know must be there?
2. How are unrealized gains or losses on AFS investments reported: in net income or OCI? In what note does GM indicate that policy?
3. Are any investments reported by the equity method? In what note does GM provide an in-depth discussion of them?
4. What amounts from equity method investments are reported in the 2019 income statement?
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