P17-9 PART C - This transfer resulted in a realized loss of...

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

View Full Document Right Arrow Icon
P17-9 PART C Note 2-- Investments 31-Dec-07 Gross Unrealized Available for Sale Cost Gains Losses Fair Value Equity Securities $289,000 $35,000 ($36,000) $288,000 31-Dec-06 Gross Unrealized Available for Sale Cost Gains Losses Fair Value Equity Securities $261,000 $10,000 ($58,000) $213,000 On December 31, 2007, the company transferred the investment in Favre, Inc. to the trading portfolio.
Background image of page 1

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

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: This transfer resulted in a realized loss of $4,000. The balance of the unrealized holding gain or loss account changed during 2007 from a debit balance of $48,000 at the beginning of the year to a debit balance of $1,000 at the end of the year. ....
View Full Document

Page1 / 2

P17-9 PART C - This transfer resulted in a realized loss of...

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