Valix Finacc vol 1 Problem 9-7

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 9-7

December 31, 2008:

Unrealized loss – AFS                                                                            150,000

          Available for sale securities                                                                               150,000

December 31, 2009:

Available for sale securities – AFS                                                          50,000

          Unrealized loss – AFS                                                                                            50,000