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For assets that are marked to market indicate where the

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Reference no: EM13481089

Munger.Com began operations on January 1, 2006. The company reports the following information about its investments at December 31, 2006:

Current assets ($ in thousands)

Cost

Market

Investments in marketable debt securities:

 

 

Able Corp. bonds (held-to-maturity)

$ 330

$ 290

Bryan Co. bonds (available-for-sale)

800

825

Caltran, Inc. bonds (trading)

550

515

Investments in marketable equity securities:

 

 

Available-for-sale

1,110

1,600

Trading

1,500

950





Required:

a. Show how each of these investments are reported on the Munger.Com balance sheet.

b. For assets that are marked to market, indicate where the unrealized value fluctuation is reported (in net income and/or in comprehensive income).

Reference no: EM13481089

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