Business, 05.05.2020 09:29, multibeastpr

At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations:

Amortized cost Fair Value
Trading Securities:
Security A $ 900,000 $910,000
Security B 105,000 100,000
Totals $ 1,005,000 $1,010,000
Securities Available-for-Sale:
Security C $ 700,000 $ 780,000
Security D 900,000 915,000
Totals $ 1,600,000 $ 1,695,000
Securities to Be Held-to-Maturity:
Security E $ 490,000 $ 500,000
Security F 615,000 610,000
Totals $ 1,105,000 $ 1,110,000

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:
Determine the following amounts at December 31, 2021.
1. Investments reported as current assets.
2. Investments reported as noncurrent assets.
3. Unrealized gain (or loss) component of income before taxes.
4. Unrealized gain (or loss) component of accumulated other comprehensive income in shareholders’ equity.

Answers: 3

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At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 202...