observe 3 of GEs 10-k states that the majority of its investment securities are classified as available-for-sale (AFS). These securities mainly consist of investment-grade debt securities. According to account statement Standards Codification (ASC) 320, Subtopic 10, available-for-sale securities have readily determinable fair determine and must be measured at fair rate in the financial statements.
It further states that, unless used in a fair value hedge, un cognize holding gains and losses must be excluded from earnings and reported in comprehensive income until realized upon its sale or disposal. GE notes its compliance with these requirements in its appoint of available-for-sale securities in Note 3. The total AFS at amortized cost is $52,541 million, and GE recognized unrealized gains of $2,038 million and unrealized losses of $2,638, and save the estimated fair value of these securities at $51,941 million. GE notes that it adopted amendments to ASC 320 and save a cumulative effect adjustment to increase well-kept earnings in April 2009 of $62 million as a result...If you want to get a full essay, order it on our website: Orderessay
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