Trading Securities: Security A Security B Totals Securities Available-for-Sale: Security C Security D Totals Securities to Be Held-to- Maturity: Security E Security F Totals Amortized cost $ $ es $ es $ $ $ Fair Value 965,000 170,000 1,135,000 765,000 965,000 1,730,000 555,000 680,000 1,235,000 $ 979,500 164,600 $ 1,144,100 $ 838,500 982,600 $ 1,821,100 $ 566,300 674,700 $ 1,241,000 No investments were sold during 2021. All securities except Security D and Security F are considered sho investments. None of the fair value changes is considered permanent.
Trading Securities: Security A Security B Totals Securities Available-for-Sale: Security C Security D Totals Securities to Be Held-to- Maturity: Security E Security F Totals Amortized cost $ $ es $ es $ $ $ Fair Value 965,000 170,000 1,135,000 765,000 965,000 1,730,000 555,000 680,000 1,235,000 $ 979,500 164,600 $ 1,144,100 $ 838,500 982,600 $ 1,821,100 $ 566,300 674,700 $ 1,241,000 No investments were sold during 2021. All securities except Security D and Security F are considered sho investments. None of the fair value changes is considered permanent.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Ee.105.
Transcribed Image Text:Part-1
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of
operations:
Trading Securities:
Security A
Security B
Totals
Securities Available-for-Sale:
Security C
Security D
Totals
Securities to Be Held-to-
Maturity:
Security E
Security F
Totals
Amortized
cost
$
$
Ś
$
$
$
Fair Value
965,000
170,000
1,135,000
765,000
965,000
1,730,000
555,000
680,000
1,235,000
$ 979,500
164,600
$ 1,144,100
$ 838,500
982,600
$ 1,821,100
$ 566,300
674,700
$ 1,241,000
No investments were sold during 2021. 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. (Amounts to be deducted should be indicated with a minus sign.)
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