At December 31, 2018, Hull-Meyers Corp. had the followinginvestments that were purchased during 2018, its...

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 In

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 $

Expert Solution

ekkarill92 answered 2 years ago

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