STUDENT TEACHING ASSIGNMENT FOR FINANCIAL 12

STUDENT TEACHING ASSIGNMENT FOR FINANCIAL 12 - Lookingback...

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STUDENT TEACHING ASSIGNMENT FOR FINANCIAL 12 Looking back: 1. True or false:  The amount of the entry to record a stock portfolio’s unrealized holding gain or loss in the Securities Fair Value Adjustment account is equal to the difference  in the cost and market value of the portfolio.  Explain (Hint:  the answer is false  except for one circumstance that you should explain). 2. Describe the treatment of dividends received and the investee’s share of net income  under the equity method of accounting for investments in stock. Looking forward: 3. Go to the FASB’s website at FASB.org., click on  Standards , then  Accounting  Standards Updates Issued , then (at the right)  Issued in 2016 , then   Update 2016-01 —Financial Instruments—Overall (Subtopic 825-10): Recognition and  Measurement of Financial Assets and Financial Liabilities .  Scroll down to the 
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