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Unformatted text preview: Feb.1 40,800 Apr.1 61,200 Oct.1 61,200 Mar.1 15,300 Aug.1 20,400 Oct.1 Bal. Aug.1 Bal. 35,700 b) Dec.31 Unrealized Loss - Income 900 Market Adjustment - Trading 900 (To record unrealized loss on trading securities) c) Ralley Company Balance Sheet (partial) December 31, 2005 Assets Current assets Short-term investments at fair value 34,800 d) Income statement accounts: 1. Unrealized loss - income ("Other expenses and losses") 2. Interest revenue ("Other revenue and gains") 3. Dividend revenue ("Other revenue and gains") 4. Gain on sale of debt investments ("Other revenue and gains") 5. Gain on sale of stock investments ("Other revenue and gains")...
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This note was uploaded on 02/19/2010 for the course ACCT 221 taught by Professor Strauss during the Spring '07 term at Maryland.
- Spring '07