Nhung P12-50 - P1250 InvestmentPortfolio 1. Company...

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P12–50 Investment Portfolio 1.           Company                     Shares Total Cost     Total      Market              Classification              Clarke Corporation 1,000 $ 75,000 $ 78,000 Trading Marlin Company 4,000 136,000 128,000 Available-for-sale Air Products, Inc. 3,000 138,000 129,000 Available-for-sale 2008 Dec. 31 Market Adjustment—Trading Securities. ......................... 3,000 Unrealized Gain on Trading Securities—Income. ....... 3,000 To write trading securities up to market  [($78 – $75)  ×  1,000]. 31 Unrealized Increase/Decrease in Value of Available-for-Sale Securities—Equity. ............................ 17,000 Market Adjustment—Available-for-Sale Securities. ..... 17,000 To write down available-for-sale securities to  market [($34 – $32)   4,000 = $8,000; ($46 – $43)   3,000 = $9,000; $8,000 + $9,000 = $17,000]. 2.
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Nhung P12-50 - P1250 InvestmentPortfolio 1. Company...

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