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Q.Using the information provided on p. 67, Available for Sales Investment (AFS), draw a T-account that shows the change between year ended 2012 and year
Q.Using the information provided on p. 67, Available for Sales Investment (AFS), draw a T-account that shows the change between year ended 2012 and year ended 2013, balances for the FV adjustment associated with Intel?s AFS investments.
December 28. 2013 Gross Gains December 29. 2012 Gross Gains Gross Gross Fair Value Fair Value Adjusted Unrealized Unrealized Adjusted Unrealized Unrealized (In Millions) Asset-backed Cost Losses Cost Losses $ 6 (2) $ securities Bank deposits Commercial paper Corporate bonds Government bonds Marketable equity 11 $ 2,951 4,464 2,359 1,024 (1) 2,956 1,417 4,184 635 1,024 2,235 (3) $11 1,418 4,185 642 2,235 4,464 (3) 2,371 15 8 securities 2,881 1,069 (1) 4,424 1,086 (5) $ 14,001 3,340 6,221 3,356 Money market fund 1,042 (1) 1,041 1,086 deposits Total available-for- sale investments 15,191 2,902 S (7) 18,086 12,927 $ 1,079$ In the preceding table, government bonds include bonds issued or deemed to be guaranteed by government entities. Government bonds include instruments such as non-U.S. government bonds, U.S. agency securities, and U.S. Treasury securities. Bank deposits were primarily held by institutions outside the U.S. as of December 28, 2013, and December 29, 2012 During the third quarter of 2012, we purchased ASML Holding N.V. equity securities totaling $3.2 billion. This equity interest has been accounted for as an available-for-sale investment and is included as marketable equity securities in the preceding table For information on the unrealized holding gains (losses) on available-for-sale investments reclassified out of accumulated other comprehensive income into the consolidated statements of income, see "Note 25: Other Comprehensive Income (Loss)." We sold available-for-sale investments for proceeds of $934 million in 2013 ($2.3 billion in 2012 and $9.1 billion in 2011). Proceeds received in 2013 included $142 million from the sale of our shares in Clearwire Corporation, which are included in sales of available-for-sale investments within investing activities on the consolidated statements of cash flows. Substantially all of the proceeds in 2011 were from debt investments primarily used to fund our acquisition of McAfee. The gross realized gains on sales of available-for-sale investments were $146 million in 2013 ($166 million in 2012 and $268 million in 2011). In 2013, we recognized a gain of $111 million on the sale of our shares in Clearwire Corporation, previously included as marketable equity securities in the preceding table. We determine the cost of an investment sold on an average cost basis at the individual security level. Impairment charges recognized on available-for-sale investments were $14 million in 2013 ($36 million in 2012 and $73 million in 2011)Step by Step Solution
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