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At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: At December 31, 2021, Hull-Meyers
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations:
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 $ 975,000 180,000 $1,155,000 $ 988,500 175,000 $1,163,500 Trading Securities: Security A Security B Totals Securities Available-for-Sale: Security c Security D Totals Securities to Be Held-to-Maturity: Security E Security F Totals 775,000 975,000 $1,750,000 $ 847,500 993,000 $1,840,500 $ 565,000 690,000 $1,255,000 $ 576,500 684,500 $1,261,000 No investments were sold during 2021. All securities except Security D and Security Fare 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.) Required: Complete the following table. (Amounts to be deducted should be indicated with a minus sign.) Reported on Balance Sheet as: Unrealized gain (loss) included in: Current assets Noncurrent assets Net Income (1/S) Other Total Comprehensive Comprehensive Income (OCI) Income $ 0 ASA 0 Trading Securities Security A Security B Securities Available-for-Sale Security C Security D Securities to be Held-to-Maturity Security E Security F $ 0 $ 0 $ o 0 0 Totals 0 $ 0 o o $ 0 0Step by Step Solution
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