Reference no: EM133184046
Question - On January 1, 2016, a company's balance sheet reports its investments in debt securities as follows:
Assets
Investment in trading securities $275,000
Investment in AFS securities 195,000
Investment in HTM securities 311,317
Equity
Accumulated other comprehensive income:
Unrealized gains (losses) on AFS securities $10,500
Additional information:
a. The HTM securities are $300,000 face value securities purchased on January 1, 2014, at a yield of 4%. The securities have a 4-year total life and pay interest annually on December 31, at a coupon rate of 6%.
b. The trading securities on hand on January 1 were sold in 2016 for $310,000.
c. More trading securities were purchased for $200,000. They are still on hand at December 31, 2016, and have a fair value of $230,000.
d. AFS securities, originally purchased for $50,000 with a carrying value of $44,000 as of January 1, 2016, were sold for $60,000.
e. AFS securities on hand at December 31, 2016, have a fair value of $160,000
Required - What the total gain on trading securities reported on the 2016 income statement?
|
Physiological treatment methods
: Explain whether the use of physiological treatment methods is effective in treating SVPs and why.
|
|
Race or ethnicity of judge impacts
: Do you believe that the race or ethnicity of a judge impacts how persons are sentenced? Provide your support for your answer.
|
|
Criminal justice
: Describe the Command and Control Process. Describe the role of the Incident Commander. Define the term Span of Control.
|
|
Providing narrative nonfinancial reports
: "Until recently," says David M. Katz, an editor at CFO. com, talk of "integrated reporting" and "sustainability" had a high probability of putting a CFO of a U.
|
|
What the total gain on trading securities reported
: The trading securities on hand on January 1 were sold in 2016 for $310,000. What the total gain on trading securities reported
|
|
Newer piece of technology geared towards law enforcement
: Describe one newer piece of technology geared towards law enforcement. describe the pros and cons for law enforcement.
|
|
How globalization affects our own personal environment
: Details about how globalization affects our own personal environment. Such as in terms of job, where we live, things we buy, etc. Could we, or would we, want to
|
|
What is the expected operating income
: Annual fixed costs are $515,250 and data about the three products follow for 2017. What is the expected operating income
|
|
Explain the upper-level management
: After watching the video: Network consider the following:
|