Question
Exercise 12-14 (Algo) Various investment securities [LO12-2, 12-3, 12-4] At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021,
Exercise 12-14 (Algo) Various investment securities [LO12-2, 12-3, 12-4] At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations Trading Securities: Security A Security 8 Totals Securities Available-for-Sale: Security C Security Di Totals Securities to Be Held-to-Maturity: Security E Security F Totals Amortized cost Fair Value $ 920,000 125,000 $1,045,000 $ 720,000 920,000 $1,640,000 $ 932,000 119,600 $1,051,600 $ 790,000 935,800 $1,733,500 $510,000 635,000 $1,145,000 $520,500 629,600 $1,150,100 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.
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