Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 21

Apple Inc.ccumulates large amounts of excess cash throughout the year.t typically invests these funds in marketable securities until they are needed.he company's most recent financial statements revealed a nearly $160 million unrealized gain on short-term investments.ootnotes to the financial statements disclosed that Apple Inc.eports its short-term investments at fair value.
a.xplain the meaning of the company's unrealized gain on short-term investments.
b.ow does the unrealized gain impact the company's financial statements
c.s the unrealized gain included in the computation of the company's taxable income Explain.
d.valuate fair value accounting from the perspective of the company's creditors.