Papaer
Submitted by: Submitted by mbam3
Views: 50
Words: 537
Pages: 3
Category: Business and Industry
Date Submitted: 11/13/2014 02:00 PM
Exercise 15-11 (30 minutes)
2011
|Dec. 31 |Unrealized Loss—Equity |11,140 | |
| | Fair Value Adjustment—AFS (LT) | |11,140 |
| | Record fair value of securities | | |
| |($372,000 - $360,860). | | |
| | | | |
|2012 | | | |
|Dec. 31 |Fair Value Adjustment—AFS (LT)* |38,440 | |
| | Unrealized Loss—Equity | |11,140 |
| | Unrealized Gain—Equity | |27,300 |
| | Record fair value of securities. | | |
| | * $428,500 - $455,800 = $27,300 net gain | | |
| |($11,140 prior loss + $27,300 current period gain). | | |
| | | | |
|2013 |...
