ASSETS AT FAIR VALUE Cash and cash equivalents 1 $ 54 1 $ 148 Company common stock
Question:
ASSETS AT FAIR VALUE
Cash and cash equivalents 1 $ 54 1 $ 148
Company common stock ---- 1 368
Company preferred stock ---- 2 6,721
Fixed income securities 2 1,190 -----
Insurance contracts 3 93 -----__
TOTAL ASSETS IN THE FAIR VALUE HIERARCHY 1,337 7,237
Investments valued at net asset value 9,037 87
TOTAL ASSETS AT FAIR VALUE $ 7,324
These values provide a comprehensive breakdown of the fair values of the company's plan assets, categorized by type and accounting for the fair value hierarchy levels.
mentioned above are several of the asset accounts. Would the investments in securities be the most significant type to report in terms of valuation?
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw