Copy of 16e-10 - Name: Instructor: Accounting Principles,...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
FileName: fa97f955a7e3c6aefc035beabe341d7e895bc330.xls, Tab: Exercise E16-10, Page 1 of 2, 04/15/2010, 07:05:19 Name: Date: Instructor: Course: Security: Cost: Fair Value: A $17,500 $16,000 B 12,500 14,000 C 23,000 19,000 $53,000 $49,000 Instructions: Dec 31, 08 Unrealized Loss-Income 4,000 Market Adjustment 4,000 Securities Less:Unrealized loss on trading securities Total stockholders equity 49,000 Income Statement Net Income Less:Unrealized loss (4,000) Accounting Principles , Eighth Edition by Weygandt, Kieso, and Kimmel Solving Accounting Principles Problems Using Microsoft Excel for Windows by Rex A Schildhouse E16-10 At December 31, 2008, the trading securities for Natoli, Inc. are as follows: (a) Prepare the adjusting entry at December 31, 2008, to report the securities at fair value. (b) Show the balance sheet and income statement presentation at December 31, 2005, after adjustment to fair value.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Instructions for the Microsoft Excel Templates Detail and information on Excel is contained within the manual. Striking the "F1" key or following the path "Windows>Excel Help" will invoke the Office Assistant
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

Copy of 16e-10 - Name: Instructor: Accounting Principles,...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online