P 17-4 - c. 12/31/2007 Amortized cost: $519,442 FMV:...

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a. Bonds were purchased at a DISCOUNT b. 12/31/2006 Amortized cost: $491,150 FMV: $499,000 --------- $ 7,850 Unrealized holding GAIN Required: $7,850 Existing:($1,000) ------- $6,850 Market Adjustment - Securities Available for Sale (DR) $6,850 Unrealized holding Gain - Equity (CR) $6,850
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Unformatted text preview: c. 12/31/2007 Amortized cost: $519,442 FMV: $506,000---------$ 13,442 Unrealized holding LOSS Required:($13,442) Existing: $ 7,850-------($21,292) Unrealized holding Loss - Equity (DR) $21,292 Market Adjustment - Securities Available for Sale (CR) $21,292...
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This note was uploaded on 02/21/2012 for the course ACT 492 taught by Professor Ngo during the Fall '11 term at Colorado.

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