The Coca-Cola Company's December 31, 2010 balance sheet reports investments in trading securities at $209 million, with

Question:

The Coca-Cola Company's December 31, 2010 reports investments in trading securities at $209 million, with net unrealized losses of $3 million.
Required
a. How much did Coca-Cola pay for the trading securities reported on its 2010 How are unrealized gains and losses on trading securities reported in Coca-Cola's financial statements?
c. Assume the trading securities on hand at the end of 2010 were acquired during 2010. Prepare the summary journal entries made by Coca-Cola to record events related to these trading securities.
d. Assume the securities are sold for $215 million in 2011. Prepare the journal entry to record the sale. Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...