19 Jun HOW MUST UNION PLANTERS ACCOUNT FOR ITS INVESTMENTS IN EACH OF THE TWO CATEGORIES?
Discuss the financial statement analysis case on page 964 (Union Planters). Please read the instructions for questions (a), (b), (c), and (d) and present your answers here.
(A) Why do you suppose Union Planters purchases investments, rather than simply making loans? Why does it purchase investments that vary in nature both in terms of their maturities and in type (debt versus stock)?
(B) How must Union Planters account for its investments in each of the two categories?
(C) In what ways does classifying investments into two different categories assist investors in evaluating the profitability of a company like Union Planters?
(D) Suppose that the management of Union Planters was not happy with its net income for the year. What step could it have taken with its investment portfolio that would have definitely increased reported profit? How much could it have increased reported profit? Why do you suppose it chose not to do this?
Recording at historical cost worked for a long time so some are critical to see us move away from this in any area.
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