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    Dell Computer Corporation had $2.016 billion in short-term investments and $2.691 billion in long-term investments according to its 2006 financial statements. It reported $227 million in investment income and $7.562 billion in purchases and $12.168 billion in sales of investments that year. Dell classifies all debt and equity securities as available-for-sale.

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    Dell Computer Corporation had $2.016 billion in short-term investments and $2.691 billion in long-term investments according to its 2006 financial statements. It reported $227 million in investment income and $7.562 billion in purchases and $12.168 billion in sales of investments that year. Dell classifies all debt and equity securities as available-for-sale.

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    6 views1 page

    Solutiondone 377

    Uploaded by

    trilocksp Singh
    Dell Computer Corporation had $2.016 billion in short-term investments and $2.691 billion in long-term investments according to its 2006 financial statements. It reported $227 million in investment income and $7.562 billion in purchases and $12.168 billion in sales of investments that year. Dell classifies all debt and equity securities as available-for-sale.

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    Dell Computer Corporation has significant investment

    activities The following items


    Dell Computer Corporation has significant investment activities The following items

    Dell Computer Corporation has significant investment activities. The following items are from
    Dell's fiscal year 2006 financial statements (in millions):15
    Short-term investments.................................. $ 2,016
    Long-term investments.................................... 2,691
    Investment income........................................... 227
    Purchase of investments.................................. 7,562
    Sales of investments..................................... 12,168
    Change in unrealized gains (losses) on
    Long-term investments, net............................... (24)
    Dell states that all debt and equities securities are classified as available-forsale and are subject
    to an annual impairment test.
    1. Where would you find each of the above items in Dell Computer's financial statements?
    2. What value (cost or fair value) would you expect the first two items on Dell's balance sheet to
    represent?
    3. What are impairments, and how do they differ from unrealized losses on long-term
    investments?

    Dell Computer Corporation has significant investment activities The following items
    SOLUTION-- http://solutiondone.online/downloads/dell-computer-corporation-has-significant-
    investment-activities-the-following-items/

    Unlock answers here solutiondone.online

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