Search for the United Parcel Service, Inc. and Subsidiary's 2017 Annual Report and answer the following questions.

Question 1

1. Where can you find the significant account policies used by the company in the Notes to Consolidate Financial Statements (state the name and the number of the note)?
2. Summarize accounting policies for investments.

Question 2

In the space below, prepare a list of UPS's investments from the following items:

• Held-to-maturity
• Trading
• Available-for-sale

What valuation method the company uses for each type of investments?

• FVTOTC
• FVTPL
• Amortization cost

Where areUNREALIZEDgains or losses on each type of investments presented?

• Income statement
• Comprehensive income
• Not relevance

Where areREALIZEDgains or losses on each type of investments presented?

• Income statement
• Comprehensive income
• Not relevance

Question 3

From the 2017 financial statements of UPS, provide the amount for the following items:

1. Total fair value of trading and available-for-sale securities: ____________
2. Total fair value of trading securities: _____________
3. Total cost of trading securities: _______________
4. Total unrealized gain (loss) of trading securities: ____________
5. Total fair value of available-for-sale securities: _______________
6. Total cost of available-for-sale securities: _________________
7. Total unrealized gain (loss) for available-for-sale securities: ____________
8. Accumulated other comprehensive gain or loss: ____________
9. Investment income and other: ________________
10. Change in unrealized gains or losses on marketable securities: __________
11. Diluted earnings per share?___________

Annual report https://pressroom.ups.com/assets/pdf/2017_UPS_Annual_Report.pdf