FileName: fa97f955a7e3c6aefc035beabe341d7e895bc330.xls, Tab: Exercise E16-10, Page 1 of 2, 04/15/2010, 07:05:19
Dec 31, 08
Less:Unrealized loss on trading securities
Total stockholders equity
, Eighth Edition by Weygandt, Kieso, and Kimmel
Solving Accounting Principles Problems Using Microsoft Excel
by Rex A Schildhouse
At December 31, 2008, the trading securities for Natoli, Inc. are as follows:
Prepare the adjusting entry at December 31, 2008, to report the securities at fair value.
Show the balance sheet and income statement presentation at December 31, 2005, after adjustment to fair value.