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Bitmap Image  |  1996-06-21  |  206KB  |  615x332  |  4-bit (11 colors)
Labels: bulletin board | reckoner | sky
OCR: Cash Equivalents and Short-term Intestments Cash equivalents consist of certificates of deposit and money market funds with stated effective maturities of three months or less at the time of purchase. Cash equivalents and all of the Company short. term investments are classified as "available for-sale' under the provisions of Statement of Financial Accounting Standards (SFAS) No 115 The securities are carried at fair value which approximates cost The amortized cost of available -for-sale debt securities are adjusted for amortization of premiums and accretion of discounts to maturity Such amortization is included in net investment income Realized gains and losses. and declines in value judged to be other than temporary on available -for-sale securities are included in net invest tment incom ...