SunTrust Bank (Easy). In 1993, SunTrust Bank of Atlanta reported investment securities on its balance sheet of $10,644 million, an increase over the $8,715 million reported for 1992. Footnotes revealed that most of the securities were interest-bearing debt securities. But $1,077 million of the 1993 securities were shares held in the Coca-Cola Company, carried at market value. In 1992, the bank had carried these securities on the balance sheet at their historical cost of $110 million. Which carrying value for the Coca-Cola shares do you see as the better quality number, the market value or the historical cost?
SunTrust Bank (Easy). In 1993, SunTrust Bank of Atlanta reported investment securities on its balance sheet of $10,644 million, an increase over the $8,715 million reported for 1992. Footnotes revealed that most of the securities were interest-bearing debt securities. But $1,077 million of the 1993 securities were shares held in the Coca-Cola Company, carried at market value. In 1992, the bank had carried these securities on the balance sheet at their historical cost of $110 million. Which carrying value for the Coca-Cola shares do you see as the better quality number, the market value or the historical cost?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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SunTrust Bank (Easy). In 1993, SunTrust Bank of Atlanta reported investment securities on its
Which carrying value for the Coca-Cola shares do you see as the better quality number, the market value or the historical cost?
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