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Unformatted text preview: Gains/ losses go to I/S Unrealized gains still recognized as gains/ losses in earnings (I/S) *Market value is same thing as fair value o Securities available for sale: Put gain or loss in other comprehensive income (in B/S, stockholders equity portion) Example exam question: Given investments a co. is holding at end of year, book value and market value, what values go on B/S? I/S? o FASB 115 doesnt apply to investments in consolidated subsidiaries or to investments under the equity method...
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