Valix Finacc vol 1 Problem 9-11

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 9-11

December 31, 2008

Unrealized loss – TS                                                                               400,000

        Trading securities                                                                                                 400,000

Available for sale securities – AFS                                                        100,000

        Unrealized gain – AFS                                                                                          100,000

December 31, 2009

Trading securities                                                                                 900,000

        Unrealized gain – TS (5,500,000 – 4,600,000)                                                         900,000

Available for sale securities                                                                 200,000

        Unrealized gain – AFS (3,300,000 – 3,100,000)                                                       200,000