Question: xercise 1 2 - 1 4 ( A l g o ) Various investment s e c u r i t i e s ;
xercise Various investment ; financial statement effects
December HullMeyers Corporation had the following investments that were purchased during its first year operations:
Amortized cost Fair Value
Trading Securities:
Security $ $
Security
Totals $ $
Securities AvailableforSale:
Security $ $
Security
Totals $ $
Securities HeldMaturity:
Security $ $
Security
Totals $ $
investments were sold during All except Security and Security are considered shortterm investments. None the fair value changes considered permanent.
Required:
Complete the following table.
Note: Amounts deducted should indicated with a minus sign.
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