Question

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	$	950,000			$	965,000
Security B		155,000				149,000
Totals	$	1,105,000			$	1,114,000
Securities Available-for-Sale:
Security C	$	750,000			$	825,000
Security D		950,000				967,000
Totals	$	1,700,000			$	1,792,000
Securities to Be Held-to-Maturity:
Security E	$	540,000			$	551,000
Security F		665,000				659,000
Totals	$	1,205,000			$	1,210,000

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.

Reported on Balance Sheet as:

Unrealized gain (loss) included in:

Current Asset

Noncurrent Asset

Net Income (I/S)

Other Comprehensive Income (OCI)

Total Comprehensive Income

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

Answer 1

Required:
Compute the below table to calculate the following.
	Reported on Balance Sheet as:			Unrealized gain (loss) included in:
	Current assets	Noncurrent assets	Net Income (I/S)	Other Comprehensive Income (OCI)	Total Comprehensive Income
Trading Securities
Security A	965,000		15,000		15,000
Security B	149,000		(6,000)		(6,000)
Securities Available-for-Sale
Security C	825,000			75,000	75,000
Security D		967,000		17,000	17,000
Securities to be Held-to-Maturity
Security E	540,000
Security F		665,000
	2,479,000	1,632,000	9,000	92,000	101,000