Question
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: Trading Securities: Security A
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: Trading Securities: Security A Security B Totals Securities Available-for-Sale: Security C Security D Totals Amortized cost Fair Value $ 985,000 190,000 $1,175,000 $ 997,500 185,400 $1,182,900 $ 785,000 985,000 $1,770,000 $ 856,500 1,003,400 $1,859,900 Securities to Be Held-to-Maturity: Security E Security F $ Totals 575,000 700,000 $1,275,000 $ 586,700 694,300 $1,281,000 No investments were sold during 2021. All securities except Security D and Security F are considered short-term investments. None of the fair value changes is considered permanent.
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