Financial securities : These are the financial assets which are traded in the financial or secondary or securities market. The two main categories are debt securities and equity securities. Investment : The act of allocating money to buy a monetary asset, in order to generate wealth in the future is referred to as investment. Held-to-maturity security : The debt securities which are held by the investor with the intent to hold the investment till its maturity are referred to as held-to-maturity securities. To determine : The amounts of investments that are reported as current assets as on December 31, 2016

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Answer 1

Question

Chapter 12, Problem 12.11E

1)

To determine

Financial securities: These are the financial assets which are traded in the financial or secondary or securities market. The two main categories are debt securities and equity securities.

Investment: The act of allocating money to buy a monetary asset, in order to generate wealth in the future is referred to as investment.

Held-to-maturity security: The debt securities which are held by the investor with the intent to hold the investment till its maturity are referred to as held-to-maturity securities.

To determine: The amounts of investments that are reported as current assets as on December 31, 2016

(2)

To determine

The amounts of investments that are reported as non-current assets as on December 31, 2016

(3)

To determine

The amounts of unrealized holding gains or losses for the investments reported in net income as on December 31, 2016

(4)

To determine

The amounts of unrealized holding gains or losses for the investments reported as component of accumulated other comprehensive income (AOCI) as on December 31, 2016

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Answer 2

Question

Chapter 12, Problem 12.11E

1)

To determine

Financial securities: These are the financial assets which are traded in the financial or secondary or securities market. The two main categories are debt securities and equity securities.

Investment: The act of allocating money to buy a monetary asset, in order to generate wealth in the future is referred to as investment.

Held-to-maturity security: The debt securities which are held by the investor with the intent to hold the investment till its maturity are referred to as held-to-maturity securities.

To determine: The amounts of investments that are reported as current assets as on December 31, 2016

(2)

To determine

The amounts of investments that are reported as non-current assets as on December 31, 2016

(3)

To determine

The amounts of unrealized holding gains or losses for the investments reported in net income as on December 31, 2016

(4)

To determine

The amounts of unrealized holding gains or losses for the investments reported as component of accumulated other comprehensive income (AOCI) as on December 31, 2016

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 12.11E

1)

To determine

Financial securities: These are the financial assets which are traded in the financial or secondary or securities market. The two main categories are debt securities and equity securities.

Investment: The act of allocating money to buy a monetary asset, in order to generate wealth in the future is referred to as investment.

Held-to-maturity security: The debt securities which are held by the investor with the intent to hold the investment till its maturity are referred to as held-to-maturity securities.

To determine: The amounts of investments that are reported as current assets as on December 31, 2016

(2)

To determine

The amounts of investments that are reported as non-current assets as on December 31, 2016

(3)

To determine

The amounts of unrealized holding gains or losses for the investments reported in net income as on December 31, 2016

(4)

To determine

The amounts of unrealized holding gains or losses for the investments reported as component of accumulated other comprehensive income (AOCI) as on December 31, 2016

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 12.11E

1)

To determine

Financial securities: These are the financial assets which are traded in the financial or secondary or securities market. The two main categories are debt securities and equity securities.

Investment: The act of allocating money to buy a monetary asset, in order to generate wealth in the future is referred to as investment.

Held-to-maturity security: The debt securities which are held by the investor with the intent to hold the investment till its maturity are referred to as held-to-maturity securities.

To determine: The amounts of investments that are reported as current assets as on December 31, 2016

(2)

To determine

The amounts of investments that are reported as non-current assets as on December 31, 2016

(3)

To determine

The amounts of unrealized holding gains or losses for the investments reported in net income as on December 31, 2016

(4)

To determine

The amounts of unrealized holding gains or losses for the investments reported as component of accumulated other comprehensive income (AOCI) as on December 31, 2016

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 12.11E

1)

To determine

Financial securities: These are the financial assets which are traded in the financial or secondary or securities market. The two main categories are debt securities and equity securities.

Investment: The act of allocating money to buy a monetary asset, in order to generate wealth in the future is referred to as investment.

Held-to-maturity security: The debt securities which are held by the investor with the intent to hold the investment till its maturity are referred to as held-to-maturity securities.

To determine: The amounts of investments that are reported as current assets as on December 31, 2016

(2)

To determine

The amounts of investments that are reported as non-current assets as on December 31, 2016

(3)

To determine

The amounts of unrealized holding gains or losses for the investments reported in net income as on December 31, 2016

(4)

To determine

The amounts of unrealized holding gains or losses for the investments reported as component of accumulated other comprehensive income (AOCI) as on December 31, 2016

Answer 6

Chapter 12, Problem 12.11E

1)

To determine

Financial securities: These are the financial assets which are traded in the financial or secondary or securities market. The two main categories are debt securities and equity securities.

Investment: The act of allocating money to buy a monetary asset, in order to generate wealth in the future is referred to as investment.

Held-to-maturity security: The debt securities which are held by the investor with the intent to hold the investment till its maturity are referred to as held-to-maturity securities.

To determine: The amounts of investments that are reported as current assets as on December 31, 2016

Answer 7

Chapter 12, Problem 12.11E

1)

To determine

Financial securities: These are the financial assets which are traded in the financial or secondary or securities market. The two main categories are debt securities and equity securities.

Investment: The act of allocating money to buy a monetary asset, in order to generate wealth in the future is referred to as investment.

Held-to-maturity security: The debt securities which are held by the investor with the intent to hold the investment till its maturity are referred to as held-to-maturity securities.

To determine: The amounts of investments that are reported as current assets as on December 31, 2016

Answer 8

(2)

To determine

The amounts of investments that are reported as non-current assets as on December 31, 2016

Answer 9

(2)

To determine

The amounts of investments that are reported as non-current assets as on December 31, 2016

Answer 10

(3)

To determine

The amounts of unrealized holding gains or losses for the investments reported in net income as on December 31, 2016

Answer 11

(3)

To determine

The amounts of unrealized holding gains or losses for the investments reported in net income as on December 31, 2016

Answer 12

(4)

To determine

The amounts of unrealized holding gains or losses for the investments reported as component of accumulated other comprehensive income (AOCI) as on December 31, 2016

Answer 13

(4)

To determine

The amounts of unrealized holding gains or losses for the investments reported as component of accumulated other comprehensive income (AOCI) as on December 31, 2016

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 12 - Prob. 12.1Q Ch. 12 - When market rates of interest rise after a...Ch. 12 - Does GAAP distinguish between fair values that are...Ch. 12 - When a debt investment is acquired to be held for...Ch. 12 - Prob. 12.5Q Ch. 12 - What is comprehensive income? Its composition...Ch. 12 - Why are holding gains and losses treated...Ch. 12 - Prob. 12.8Q Ch. 12 - Prob. 12.9Q Ch. 12 - Prob. 12.10Q

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The amounts of investments that are reported as non-current assets as on December 31, 2016

The amounts of unrealized holding gains or losses for the investments reported in net income as on December 31, 2016

The amounts of unrealized holding gains or losses for the investments reported as component of accumulated other comprehensive income (AOCI) as on December 31, 2016

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