Following is a portion of the investments footnote from Athletic Supply's 2016 annual report.
A. At what amount does Athletic Supply report its available-for-sale securities on its balance sheets for 2016 and 2015?
B. How does Athletic Supply account for its trading securities? How does the accounting differ from their accounting method for available-for-sale?
C. What are the net unrealized gains (losses) for 2016 and 2015? How did these unrealized gains (losses) affect the company's reported income in 2016 and 2015?
D. What is the difference between realized and unrealized gains and losses? Are realized gains and losses treated differently in the income statement than unrealized gains and losses for the available-for-sale securities?

Question

Following is a portion of the investments footnote from Athletic Supply's 2016 annual report.
  A. At what amount does Athletic Supply report its available-for-sale securities on its balance sheets for 2016 and 2015?
B. How does Athletic Supply account for its trading securities? How does the accounting differ from their accounting method for available-for-sale?
C. What are the net unrealized gains (losses) for 2016 and 2015? How did these unrealized gains (losses) affect the company's reported income in 2016 and 2015?
D. What is the difference between realized and unrealized gains and losses? Are realized gains and losses treated differently in the income statement than unrealized gains and losses for the available-for-sale securities?

Quizplus · Accepted Answer

The Answer of Following is a portion of the investments footnote from Athletic Supply's 2016 annual report.
  A. At what amount does Athletic Supply report its available-for-sale securities on its balance sheets for 2016 and 2015?
B. How does Athletic Supply account for its trading securities? How does the accounting differ from their accounting method for available-for-sale?
C. What are the net unrealized gains (losses) for 2016 and 2015? How did these unrealized gains (losses) affect the company's reported income in 2016 and 2015?
D. What is the difference between realized and unrealized gains and losses? Are realized gains and losses treated differently in the income statement than unrealized gains and losses for the available-for-sale securities?

Following Is a Portion of the Investments Footnote from Athletic