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E 12-14 Various investment securities; financial statement effects LO12-2, LO12-3,LO12-4 At December 31, 2024, Hull-Meyers Corp. had the following investments that were purchased during 2024,
E 12-14 Various investment securities; financial statement effects LO12-2, LO12-3,LO12-4 At December 31, 2024, Hull-Meyers Corp. had the following investments that were purchased during 2024, its first year of operations: 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 Amortized Cost $ 900,000 105,000 $1,005,000 $ 700,000 900,000 $1,600,000 $ 490,000 615,000 $1,105,000 Fair Value $ 910,000 100,000 $1,010,000 $ 780,000 915,000 $1,695,000 $ 500,000 610,000 $1,110,000 No investments were sold during 2024. All securities except Security D and Security F are considered short-term investments. None Page 695 of the fair value changes is considered permanent. Required: Determine the following amounts at December 31, 2024. 1. Investments reported as current assets. 2. Investments reported as noncurrent assets. 3. Unrealized gain (or loss) recognized in net income. 4. Unrealized gain (or loss) in accumulated other comprehensive income in shareholders' equity. G
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