Compute the net decrease in the investment

Reference no: EM131414377

JPMorgan Chase carries portfolios of both trading securities and available-for-sale securities. At the end of 2008 and 2007, the trading securities were valued at $347.4 billion and $414.3 billion, respectively; and the available-for-sale securities were valued at $205.9 billion and $85.4 billion, respectively. Together, the investments comprise about 25 percent of the company's total assets as of December 31, 2008. Unrealized gains reported on the 2008 income statement totaled $9.9 billion.

REQUIRED:

a. Trading securities are carried on the balance sheet at market value. Compute the net decrease in the investment in trading securities during 2008.

b. The net increase in the investment in available-for-sale securities reported on the statement of cash flows during 2008 was approximately $107.4 billion. Compute the unrealized net gains on the available-for-sale securities during 2008. On which financial statement would this dollar amount be found?

Reference no: EM131414377

Questions Cloud

Explain the meaning of each of the 2008 disclosures : Estimate the balance sheet carrying amount of the investments in associates disposed of during 2008. (Hint: Attempt to recreate the activity in the "investments in associates accounted for under the equity method" account.)

Discuss the factors that helped you make the decision : Identify a product to shop for, and then identify two stores as places to look for your product. The two stores must be different types of retailers. For example, you can shop for a new HDTV at Best Buy® and at local electronics stores (specialty ..

How would you implement an ehr system in your practice : As a manager, how would you implement an EHR system in your practice? Do EHR/EMR help eliminate medical errors? As a patient, have you used online tools to communicate with your provider? Please explain.

Brief discussion about allergic rhinitis diseases : Brief discussion about diseases: Allergic rhinitis, Atopic dermatitis, contact dermatitis and Pediatric asthma (5-11 years of age)

Compute the net decrease in the investment : Trading securities are carried on the balance sheet at market value. Compute the net decrease in the investment in trading securities during 2008.

Describe advantage and one disadvantage of a national policy : The primary goal of your last assignment is to critically analyze the primary features of the American national government. The results of your analysis will indicate what you have learned over the last five weeks. In order to accomplish this task..

Explain types of descriptive statistics that might be best : QNT/275- Identify the types of descriptive statistics that might be best for summarizing the data, if you were to collect a sample. Analyze the types of inferential statistics that might be best for analyzing the data, if you were to collect a sample..

Compute busytown’s conservatism ratio : Explain why the conservatism ratio provides a measure of the extent to which a company's financial accounting methods are conservative, and provide examples of accounting treatments that may increase or decrease the ratio.

Analyzes the basic legal social and economic environment : MGMT499- Analyzes the basic legal, social, and economic environment in which the organizations operate. Analyzes the managerial, operational, and financial issues impacting the organizations including:

User Account

All Pages