Question
The 2017 annual report of Albany Corporation reports the following (in millions) : Amortized Cost Fair Value December 31, 2016 Short-term investments available-for-sale debt securities
The 2017 annual report of Albany Corporation reports the following (in millions):
|
| Amortized Cost | Fair Value |
| December 31, 2016 |
|
|
| Short-term investments available-for-sale debt securities | $840.7 | $835.0 |
| Short-term investments trading debt securities | 108.4 | 94.2 |
| Total short-term investments | $949.1 | $929.2 |
|
December 31, 2017 |
|
|
| Short-term investments available-for-sale debt securities | $ 462.9 | $ 463.4 |
| Short-term investments trading debt securities | 79.5 | 75.6 |
| Total short-term investments | $542.4 | $539.0 |
a. What amount does Albany report as trading debt securities on its balance sheets for 2017?
b. How do the net unrealized gains (losses) on the companys trading debt securities affect pretax income for 2017?
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CyRM Mastering The Management Of Cybersecurity Internal Audit And IT Audit
Authors: David X Martin
1st Edition
0367757850, 978-0367757854
