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: What is the amount of any available-for-sale investment securities reported in the balance sheet? Is there an amount you can’t find in the balance sheet but that you know must be there? How are unrealized gains or losses on available-for-sale investments reported: in net income or OCI? In what note does GM indicate that policy? Are any investments reported by the equity method? In what note does GM provide an in-depth discussion of them? What amounts from equity method investments are reported in the 2019 income statement?
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: What is the amount of any available-for-sale investment securities reported in the balance sheet? Is there an amount you can’t find in the balance sheet but that you know must be there? How are unrealized gains or losses on available-for-sale investments reported: in net income or OCI? In what note does GM indicate that policy? Are any investments reported by the equity method? In what note does GM provide an in-depth discussion of them? What amounts from equity method investments are reported in the 2019 income statement?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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:
-
- What is the amount of any available-for-sale investment securities reported in the
balance sheet ? - Is there an amount you can’t find in the balance sheet but that you know must be there?
- What is the amount of any available-for-sale investment securities reported in the
-
- How are unrealized gains or losses on available-for-sale investments reported: in net income or OCI?
- In what note does GM indicate that policy?
-
- Are any investments reported by the equity method?
- In what note does GM provide an in-depth discussion of them?
- What amounts from equity method investments are reported in the 2019 income statement?
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