The following note was taken from Intel's 2011 annual report. Available-for-sale investments as of December 31, 2011

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The following note was taken from Intel's 2011 annual report.
Available-for-sale investments as of December 31, 2011 and December 25, 2010 were as follows:
The following note was taken from Intel's 2011 annual report.
Available-for-sale

In the preceding table, government bonds include bonds issued or deemed to be guaranteed by government entities. Government bonds include instruments such as U.S. Treasury securities, non-U.S. government bonds, and U.S. agency securities as of December 31, 2011 and December 25, 2010. Bank deposits were primarily issued by institutions out-side the U.S. as of December 31, 2011 and December 25, 2010.
We sold available-for-sale investments for proceeds of $9.1 billion in 2011 ($475 million in 2010 and $192 million in 2009). Substantially all of the proceeds in 2011 were from debt investments that were primarily used to fund our acquisition of McAfee. The gross realized gains on sales of available-for-sale investments were $268 million in 2011 ($160 million in 2010 and $43 million in 2009) and were primarily related to our sales of marketable equity securities. Gains on third-party merger transactions during 2011 were insignificant (insignificant in 2010 and $56 million in 2009).
Impairment charges recognized on available-for-sale investments were $73 million in 2011 (insignificant in 2010 and 2009). Gross realized losses recognized on available-for-sale investments were insignificant in 2011 ($13 million in 2010 and $64 million in 2009). We had previously recognized other-than-temporary impairments totaling $34 million during 2008 and 2009 on the investments that were sold in 2009.
1. What amount of gains and losses on available-for-sale securities is reported in Intel's 2011 income statement? How much is realized? How much is unrealized?
2. After looking at the table and the related note disclosure, describe what happened with Intel's marketable equity securities during 2011.

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Intermediate Accounting

ISBN: 978-1133957911

19th edition

Authors: Earl K. Stice, James D. Stice

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