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At December 31, 2022, the available-for-sale debt securities for Gwynn, Inc. are as follows. Security Cost Fair Value A $18,100 $16,000 B 12,500 14,800 C
At December 31, 2022, the available-for-sale debt securities for Gwynn, Inc. are as follows.
| Security | Cost | Fair Value | |||
|---|---|---|---|---|---|
| A | $18,100 | $16,000 | |||
| B | 12,500 | 14,800 | |||
| C | 23,000 | 18,000 | |||
| Total | $53,600 | $48,800 |
The securities are considered to be long-term investments.
| (c) | Pam Jenks, a member of the board of directors, does not understand the reporting of the unrealized gains or losses on trading debt securities and available-for-sale debt securities. Write a letter to Ms. Jenks explaining the reporting and the purposes it serves. |
The subject is financial accounting.
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith
8th Edition
9781259917028
