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Unformatted text preview: (a) 1-Jan-06 Held to Maturity Securities $300,000 Cash $300,000 (b) 31-Dec-06 Cash $36,000 Interest Revenue $36,000 (c) 31-Dec-07 Cash $36,000 Interest Revenue $36,000 EXERCISE 17-6 (10-15 minutes) (a) Securities FV Adjustment (Trading) $5,000 Unrealized Holding Gain/Loss (Income) $5,000 (b) Securities FV Adjustment (Available for Sale) $5,000 Unrealized Holding Gain/Loss (Equity) $5,000 (c) The Unrealized holding gain or loss for income should be recorded as other revenues and gains in the income statement, where the unrealized holding gain or loss for equity should be recorded as other comprehensive income and is part of stockholders' equity until it is realized....
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This note was uploaded on 03/01/2012 for the course ACC all taught by Professor All during the Spring '12 term at University of Phoenix.
- Spring '12