Question: Exercise 1 2 - 1 4 ( Static ) Various investment securities; financial statement effects [ LO 1 2 - 2 , 1 2 -

Exercise 12-14(Static) Various investment securities; financial statement effects [LO12-2,12-3,12-4]
At December 31,2024, Hull-Meyers Corporation had the following investments that were purchased during 2024, its first year of operations:
Amortized cost Fair Value
Trading Securities:
Security A $ 900,000 $ 910,000
Security B 105,000100,000
Totals $ 1,005,000 $ 1,010,000
Securities Available-for-Sale:
Security C $ 700,000 $ 780,000
Security D 900,000915,000
Totals $ 1,600,000 $ 1,695,000
Securities to Be Held-to-Maturity:
Security E $ 490,000 $ 500,000
Security F 615,000610,000
Totals $ 1,105,000 $ 1,110,000
No investments were sold during 2024. All securities except Security D and Security F are considered short-term investments. None of the fair value changes is considered permanent.

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