At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first
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Question:
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations:
Amortized cost | Fair Value | ||||||
Trading Securities: | |||||||
Security A | $ | 915,000 | $ | 926,500 | |||
Security B | 120,000 | 114,700 | |||||
Totals | $ | 1,035,000 | $ | 1,041,200 | |||
Securities Available-for-Sale: | |||||||
Security C | $ | 715,000 | $ | 793,500 | |||
Security D | 915,000 | 930,600 | |||||
Totals | $ | 1,630,000 | $ | 1,724,100 | |||
Securities to Be Held-to-Maturity: | |||||||
Security E | $ | 505,000 | $ | 515,400 | |||
Security F | 630,000 | 624,700 | |||||
Totals | $ | 1,135,000 | $ | 1,140,100 | |||
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. Required: Complete the following table. (Amounts to be deducted should be indicated with a minus sign.)
Spiceland INT_10e_Rechecks_2019_11_01
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