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Investments Part A: At December 31, 2010, Excalibur Corp. had the following investments that were purchased during 2010, its first year of operations: Cost Fair
Investments Part A: At December 31, 2010, Excalibur Corp. had the following investments that were purchased during 2010, its first year of operations: Cost Fair Value Trading Securities: Security A $ 900,000 $910,000 Security B 105.000 100.000 Totals $1,005,000 $1.010,000 Securities Available-for-Sale: Security C $ 700,000 $ 780,000 Security D 900.000 915.000 Totals $1,600,000 $1,695,000 Securities to Be Held-to-Maturity: Security E $ 490,000 $ 300,000 Security 615.000 610.000 Totals $1,105,000 $1.110.000 No investments were sold during 2019. All securities except Security D and Security F are considered short-term investments. None of the fair value changes is considered permanent Required: Determine the following amounts at December 31, 2010 1. Investments reported as current assets. 2. Investments reported as noncurrent assets 3. Unrealized gain (or loss) component of income before taxes 4. Unrealized gain for loss) component of accumulated other comprehensive income in shareholders equity
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