E12-26 Truc Thuy - = 2250 (2150 50) = 50 gain $50...

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E12-26 1/1/09 Trading: Historical cost – Fair value market (1/1/09) = (91000 + 1250 + 1700) – (8000 + 1100 + 1650) = 3150 -3550 = -400 loss $400 Available for sale: Historical cost – Fair value market (1/1/09) = 2200-2150 = -50 loss $50 12/31/09 Trading: Fair Value Market (1/1/09) - Fair Value Market (12/31/09) = 3550 – (650 + 1200 + 1700 – 400) = 3550 – (3950 – 400) = 0 Balance no adjustment for Trading security. Available for sale: Fair Value Market (1/1/09) - Fair Value Market (12/31/09)
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Unformatted text preview: = 2250 (2150 50) = 50 gain $50 Adjustment entry-No adjustment for tTrading security (balance)-Not regconize Held-to-maturity security-Available for sale security Market adjustment available for Available for sale security. .................................... 50 Unrealized increase in value of Available for sale security Equity. ........... 50...
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This note was uploaded on 06/20/2011 for the course ECON 123 taught by Professor Mrews during the Spring '11 term at Korea Advanced Institute of Science and Technology.

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