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Intermediate Accounting

Intermediate Accounting - E15-2 1 2007 Oct Nov Intermediate...

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Two Exercises  E15-2 1. 2007 Oct. 26 Trading Securities   10,500 Cash  (300 x $35)                 10,500 Nov. 26 Cash (200 x $25)     5,000 Realized Loss on Sale of Trading Securities        200 Trading Securities                     5,200 Dec. 10 Trading Securities   16,400 Cash (400 x $41)                   16,400 31 Trading Securities        500* Unrealized Gain  on Trading Securities 500 1.   (continued)                       Cumulative  12/31/07 Change in *Security    Cost   Fair Value Fair Value 300 shares of F Company common stock $10,500    $11,400 900 400 shares of G Company common stock   16,400      16,000      (400 ) Totals $26,900    $27,400 500 2. Loss on sale of trading securities           (200) Unrealized gain on  trading securitie S                500
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Intermediate Accounting - E15-2 1 2007 Oct Nov Intermediate...

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