Software inc maintained a large investment in marketable, Ask an Expert

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Software, Inc. maintained a large investment in marketable securities valued at approximately $42 billion as of the beginning of the year. During the year, the securities produced investment income (dividends and interest income) totaling $2.5 billion. At year-end, the portfolio of marketable securities had appreciated to $45.5 billion.

Calculate the pre-tax income statement effect of the marketable securities if

The entire portfolio is classified as trading securities: $ _________ billion

The entire portfolio is classified as available-for-sale securities: $_________ billion

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92039830

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