Matrix Electronic Medical Record Computer Corporation

In week 6, I will be discussing the company â€Å"Matrix Electronic Medical Record Computer Corporation.† Why the company is â€Å"available-for-sale† and how it is â€Å"subject to an annual impairment test,† as stated in the case review. There are three questions that will construct my paper and the development of a financial statement, balance sheet and losses on long-term investments. In my conclusion, I will review my findings and discuss their importance in regards to the information and not my own opinion. Case Review Matrix Electronic Medical Record Computer Corporation has significant investment activities. The following items are from their 2010 financial statements (amounts are in millions): Short-term investments Long-term investments $373 $781 Investment income $134 Purchase of investments $1,383 Sales of investments $1,538 Change in unrealized gains (losses) on long-term investments, net $6 Matrix Electronic Medical Record Computer Corporation states that all debt and equity securities are classified as available-for-sale and are subject to an annual impairment test. †¢ Where would you find each of the above items in Matrix Electronic Medical Record Computer Corporation s financial statements? According to our textbook, in the beginning of chapter 14, page 634-635. They show an example of what financial highlights look like: (Needles Powers, 2012, p. 634-635) The balance sheet- Short-term and long-term investments $373/ $781 Income statement- investment income $134Show MoreRelatedCyber Security Is An Integral Aspect Of Life1859 Words   |  8 Pagesdomestic and international, and informational releases that were meant to have been kept under the most well bolted lock and key. Cyber security, synonymous with computer and IT security, is a network of securities applied to computers, computer networks, and the data stored and shared among them. When delving into the profound specifics of computer security the jargon seems derived from science fiction or foreign languages. However, the esoteric few who are well versed in this language allow the worldRead MoreComputers in Different Spheres of Lives5456 Words   |  22 PagesComputers in different spheres of lives A computer is an electronic device, which executes software programs. 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