Real World Case 12-4 (Static) Available-for-sale investments; equity method investments; financial statement effects; disclosures [LO12-4, 12-6] General Motors invests in securities of other companies. Access GM's 2019 10-K (which includes financial statements) using EDGAR at www.sec.gov. Required: a. What is the amount of any available-for-sale investment securities reported in the balance sheet? b. Is there an amount you can't find in the balance sheet but that you know must be there? a. How are unrealized gains or losses on available-for-sale investments reported: in net income or OCI? b. In what note does GM indicate that policy? a. Are any investments reported by the equity method? b. In what note does GM provide an in-depth discussion of them? 4. What amounts from equity method investments are reported in the 2019 income statement? Note: Enter your answers in millions. 1. 2. 3. Answer is not complete. 1-a. Amount listed as investments in balance sheet 1-c. Amount left as unidentified 2-a. Available-for-sale investments reported unrealized gain or losses in 2-b. In what note does GM indicate that policy? 3-a. Are any investments reported by the equity method? 3-b. In what note does GM provide an in-depth discussion of them? 4. Amounts from equity method reported in 2019 income statement $ Other Comprehensive Loss Note 2 Yes Note 8 $ 0 1,268 ✓ ✓ ✓ million million million
Real World Case 12-4 (Static) Available-for-sale investments; equity method investments; financial statement effects; disclosures [LO12-4, 12-6] General Motors invests in securities of other companies. Access GM's 2019 10-K (which includes financial statements) using EDGAR at www.sec.gov. Required: a. What is the amount of any available-for-sale investment securities reported in the balance sheet? b. Is there an amount you can't find in the balance sheet but that you know must be there? a. How are unrealized gains or losses on available-for-sale investments reported: in net income or OCI? b. In what note does GM indicate that policy? a. Are any investments reported by the equity method? b. In what note does GM provide an in-depth discussion of them? 4. What amounts from equity method investments are reported in the 2019 income statement? Note: Enter your answers in millions. 1. 2. 3. Answer is not complete. 1-a. Amount listed as investments in balance sheet 1-c. Amount left as unidentified 2-a. Available-for-sale investments reported unrealized gain or losses in 2-b. In what note does GM indicate that policy? 3-a. Are any investments reported by the equity method? 3-b. In what note does GM provide an in-depth discussion of them? 4. Amounts from equity method reported in 2019 income statement $ Other Comprehensive Loss Note 2 Yes Note 8 $ 0 1,268 ✓ ✓ ✓ million million million
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 15P: Investments in Equity Securities Manson Incorporated reported investments in equity securities of...
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![Real World Case 12-4 (Static) Available-for-sale investments; equity method investments;
financial statement effects; disclosures [LO12-4, 12-6]
General Motors invests in securities of other companies. Access GM's 2019 10-K (which includes financial
statements) using EDGAR at www.sec.gov.
Required:
1.
2.
3.
a. What is the amount of any available-for-sale investment securities reported in the balance sheet?
b. Is there an amount you can't find in the balance sheet but that you know must be there?
a. How are unrealized gains or losses on available-for-sale investments reported: in net income or OCI?
b. In what note does GM indicate that policy?
a. Are any investments reported by the equity method?
b. In what note does GM provide an in-depth discussion of them?
4. What amounts from equity method investments are reported in the 2019 income statement?
Note: Enter your answers in millions.
X Answer is not complete.
1-a. Amount listed as investments in balance sheet
1-c. Amount left as unidentified
2-a. Available-for-sale investments reported unrealized gain or losses in
2-b. In what note does GM indicate that policy?
3-a. Are any investments reported by the equity method?
3-b. In what note does GM provide an in-depth discussion of them?
4. Amounts from equity method reported in 2019 income statement
$
Other Comprehensive Loss
Note 2
Yes
Note 8
$
0
1,268
million
million
million](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F44510e2b-bf68-4005-96d9-9c3437603dae%2F3950ebd7-5ac4-4805-8622-2b07c9565695%2Fy4ro92pi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Real World Case 12-4 (Static) Available-for-sale investments; equity method investments;
financial statement effects; disclosures [LO12-4, 12-6]
General Motors invests in securities of other companies. Access GM's 2019 10-K (which includes financial
statements) using EDGAR at www.sec.gov.
Required:
1.
2.
3.
a. What is the amount of any available-for-sale investment securities reported in the balance sheet?
b. Is there an amount you can't find in the balance sheet but that you know must be there?
a. How are unrealized gains or losses on available-for-sale investments reported: in net income or OCI?
b. In what note does GM indicate that policy?
a. Are any investments reported by the equity method?
b. In what note does GM provide an in-depth discussion of them?
4. What amounts from equity method investments are reported in the 2019 income statement?
Note: Enter your answers in millions.
X Answer is not complete.
1-a. Amount listed as investments in balance sheet
1-c. Amount left as unidentified
2-a. Available-for-sale investments reported unrealized gain or losses in
2-b. In what note does GM indicate that policy?
3-a. Are any investments reported by the equity method?
3-b. In what note does GM provide an in-depth discussion of them?
4. Amounts from equity method reported in 2019 income statement
$
Other Comprehensive Loss
Note 2
Yes
Note 8
$
0
1,268
million
million
million
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