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Ch 11 Exercise 12-14 (Algo) Various investment securities (LO12-2, 12-3, 12-4) 10 points At December 31, 2021, Hull-Meyers Corp. had the following investments that were
Ch 11 Exercise 12-14 (Algo) Various investment securities (LO12-2, 12-3, 12-4) 10 points 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 Skipped $ 925,000 130,000 $1,055,000 $ 937,500 124,500 $1,062,000 eBook Print 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 $ 725,000 925,000 $1,650,000 $ 802,500 941,000 $1,743,500 References $ 515,000 640,000 $1,155,000 $ 525,500 634,500 $1,160,000 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. 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: Other Total Check my work TU HIVI TIL FIUIU My LULI JE UTICAJULUI IULUIILE MIELUIT LII. I TILVI 11 the fair value changes is considered permanent. Required: Complete the following table. (Amounts to be deducted should be indicated with a minus sign.) 10 points Reported on Balance Sheet Skipped Unrealized gain (loss) included in: Other Total Net Income (I/S) Comprehensive Comprehensive Income (OCI) Income Noncurrent assets Current assets eBook S 0 Print S 0 References 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 Totals $ s 0 s 0 0 $ OS $ 0 S 0 $ 0 $ 0
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