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Munger.com began operations on January 1,2006. The company reports the following information about its investments at December 31,2006. Current Assets in thousands Cost Market Investment
Munger.com began operations on January 1,2006. The company reports the following information about its investments at December 31,2006. Current Assets in thousands Cost Market Investment in marketable debt securities: Able Corp. bonds (held to maturity) $330,000 290,000 Bryan Co. bonds (available for sale) 800,000 825,000 Caltran, Inc. bonds (trading) 550,000 515,000 Investments in marketable equity securities Available for sale 1,100,000 1,600,000 Trading 1,500,000 950,000 Show how each of these investments are reported on the Munger.Com balance sheet. For assets that are marked to market, indicate where the unrealized value fluctuation is reported (in net income and/or in comprehensive income)
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