Question

At December 31, 2018, Hull-Meyers Corp. had the following investments that were purchased during 2018, its first year of operations:

	Cost			Fair Value
Trading Securities:
Security A	$	970,000			$	984,000
Security B		175,000				169,800
Totals	$	1,145,000			$	1,153,800
Securities Available-for-Sale:
Security C	$	770,000			$	843,000
Security D		970,000				987,800
Totals	$	1,740,000			$	1,830,800
Securities to Be Held-to-Maturity:
Security E	$	560,000			$	571,400
Security F		685,000				679,600
Totals	$	1,245,000			$	1,251,000

No investments were sold during 2018. All securities except Security D and Security F are considered short-term investments. None of the fair value changes is considered permanent.

Required:
Compute the below table to calculate the following. (Amounts to be deducted should be indicated with a minus sign.)

Reported on Balance Sheet as: Unrealized gain (loss) included in: Other Net Income Total (l/S) Comprehensive Comprehensive Income (OCI) Income Current assets Noncurrent assets Trading Securities Security A Security B Securities Available-for-Sale Security C Security D Securities to be Held-to-Maturity Security E Security F Totals 0 $ 0 $ 0 $ 0 $

Answer 1

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Answer 2

Rapooled on Balance sheetc! cnrealised gain/Cross) included in: Current Assets Non current Alsen Clor Netinone CIS) Comprehensive income COCf) Total Compreberehe Income $ 984000 $14000 $169800 $-5200 $ 8800 $ 843000 $73000 $ 17800 $987800 Trading Securikes Security Semnity B Total Seeuntes available for sale Sensity c Security D otal Securities to be held-to-maturity Seunity E seunity Total Totals $ 90800 $560000 $ 685000 $ 2556800 $1672800