U3 Excersises Part 2

U3 Excersises Part 2 - At December 31, 2011, HullMeyers...

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At December 31, 2011, Hull- Meyers Corp. had the following investments that were purchased during 2011, its first year of operations: Trading Securities Security A Security B Totals Securities Available for Sale: Security C Security D Totals Securities to Be Held-to- Maturity: Security E Security F Totals No investments were sold during 2011. All securties except Security D and Security F are considered short-term investments. None of the fair value changes is considered permanent. Required: Determine the following amounts at December 31, 2011: Investments reported as current assets. Investments reported as noncurrent assets. Unrealized gain (or loss) component of income before taxes. Unrealized gain (or loss) component of accumulated
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other comprehensive income in shareholders' equity. 1. Investments reported at current assets $ 2,120,000 2. Investments reported at noncurrent assets $ 1,695,000 3. Unrealized gain (or loss) component of income before taxes. The increase in fair value of
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U3 Excersises Part 2 - At December 31, 2011, HullMeyers...

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