Assignment 12- CH 12 Saved 8 At December 31, 2024, Hull-Meyers Corporation had the following investments that were purchased during 2024, its first year of operations: 0.99 points Trading Securities: Amortized cost Fair Value Security A Skipped Security B Totals Securities Available-for-Sale: Security C Security D eBook Totals Print References Securities to Be Held-to-Maturity: Security E Security F Totals $900,000 105,000 $1,005,000 $ 700,000 900,000 $1,600,000 $490,000 615,000 $ 1,105,000 $910,000 100,000 $1,010,000 $780,000 915,000 $1,695,000 $ 500,000 610,000 $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. Required: Complete the following table. Note: Amounts to be deducted should be indicated with a minus sign. Reported on Balance Sheet as: Current assets Trading Securities Noncurrent assets Net Income Unrealized gain (loss) included in: Other Total Comprehensive Comprehensive Income (OCI) Income Security A Security B Securities Available-for-Sale Security C Security D Securities to be Held-to-Maturity $ 0 $ 0 $ 0 $ 0 Security E $ 0 Security F $ Totals $ 0 S 05 Help Save & Exit Submit Check my work
Assignment 12- CH 12 Saved 8 At December 31, 2024, Hull-Meyers Corporation had the following investments that were purchased during 2024, its first year of operations: 0.99 points Trading Securities: Amortized cost Fair Value Security A Skipped Security B Totals Securities Available-for-Sale: Security C Security D eBook Totals Print References Securities to Be Held-to-Maturity: Security E Security F Totals $900,000 105,000 $1,005,000 $ 700,000 900,000 $1,600,000 $490,000 615,000 $ 1,105,000 $910,000 100,000 $1,010,000 $780,000 915,000 $1,695,000 $ 500,000 610,000 $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. Required: Complete the following table. Note: Amounts to be deducted should be indicated with a minus sign. Reported on Balance Sheet as: Current assets Trading Securities Noncurrent assets Net Income Unrealized gain (loss) included in: Other Total Comprehensive Comprehensive Income (OCI) Income Security A Security B Securities Available-for-Sale Security C Security D Securities to be Held-to-Maturity $ 0 $ 0 $ 0 $ 0 Security E $ 0 Security F $ Totals $ 0 S 05 Help Save & Exit Submit Check my work
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Assignment 12- CH 12
Saved
8
At December 31, 2024, Hull-Meyers Corporation had the following investments that were purchased during 2024, its first year of
operations:
0.99
points
Trading Securities:
Amortized cost
Fair Value
Security A
Skipped
Security B
Totals
Securities Available-for-Sale:
Security C
Security D
eBook
Totals
Print
References
Securities to Be Held-to-Maturity:
Security E
Security F
Totals
$900,000
105,000
$1,005,000
$ 700,000
900,000
$1,600,000
$490,000
615,000
$ 1,105,000
$910,000
100,000
$1,010,000
$780,000
915,000
$1,695,000
$ 500,000
610,000
$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.
Required:
Complete the following table.
Note: Amounts to be deducted should be indicated with a minus sign.
Reported on Balance Sheet as:
Current assets
Trading Securities
Noncurrent
assets
Net Income
Unrealized gain (loss) included in:
Other
Total
Comprehensive Comprehensive
Income (OCI) Income
Security A
Security B
Securities Available-for-Sale
Security C
Security D
Securities to be Held-to-Maturity
$
0
$
0
$
0
$
0
Security E
$
0
Security F
$
Totals
$
0 S
05
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