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Financial reports are the primary means by which corporations report their performance and financial condition. Financial statements are one component of the annual report mailed

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Financial reports are the primary means by which corporations report their performance and financial condition. Financial statements are one component of the annual report mailed to their shareholders and other stakeholders having a vested interest in the company. Locate a recent annual report of a public company that includes a footnote that describes an investment in securities available-for-sale. (c) Are realized gains or losses reported in the comparative income statements? (4 marks) (d) Are unrealized gains or losses reported in the comparative statements and shareholders' equity? (4 marks)

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