Following is a portion of the investments footnote from Redfield Inc.'s 2017 annual report.(in millions)2017Amortized cost of marketable equity$546,673Gross unrealized gains13,114Gross unrealized losses$ 38,983What amount does Redfield report for its passive investments in marketable equity securities on it 2017 balance sheet?

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Following is a portion of the investments footnote from Redfield Inc.'s 2017 annual report.

(in millions)	2017
Amortized cost of marketable equity	$546,673
Gross unrealized gains	13,114
Gross unrealized losses	$ 38,983

What amount does Redfield report for its passive investments in marketable equity securities on it 2017 balance sheet?

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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