1.
The composition of investment in the firm’s portfolio of held-to-maturity, trading and available for sale in the year 2013 and 2012, the percentage of investment to total asset and comment on changes.
2.
The investment security reported at fair value in 2013 and 2012 and difference between fair value and cost value.
3.
The effect of change in fair value on net income in 2013, 2012 and 2011; and the effect on net income if unrealized gain and losses reported in the net income instead of other comprehensive income.
4.
The type and amount of investment in each level of security in fiscal year 2013.
5.
To explain: The valuation method used and comment on any assumptions and estimates used in the valuation.
6.
To explain: The reason because of which Company C is concerned about the harm to earnings when changes in fair value of securities are reported in other comprehensive income.
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Intermediate Accounting
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