Rich Pugh Unit 10 Writing Assignment

Rich Pugh Unit 10 Writing Assignment - Writing Assignment 1...

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Writing Assignment 1 Unit 10 Writing Assignment AC301 Intermediate Accounting II Rich Pugh Instructor: Nathan Moore 3/13/2011
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Writing Assignment 2 The Investments chapter has made me a stronger candidate to enter the business world. Understanding how securities are classified according to trading, available-for-sale, and held-to- maturity securities has broadened my knowledge on these investments. Before this course I would have thought of trading and available-for-sale securities as the same type of security. There characteristics of the two securities are the same with one major difference from the unrealized holding gains and losses from changes in the fair value. For trading securities, they are reported in the net income of the current period and available-for-sale securities are reported as a component of other comprehensive income. Held-to-maturity securities have an obvious sounding difference from the other two securities and for unrealized holding and gains are not recorded; realized gains and losses are all included in net income. This course has encouraged me to learn more of the accounting profession and has taught
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Rich Pugh Unit 10 Writing Assignment - Writing Assignment 1...

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