=+EX 15-15 Fair value journal entries, trading investments obj. 4

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a. 2. Dec. 31, 2010, Unrealized loss on trading investments, $4,900 The income statement for Harris Company was as follows:

Harris Company Income Statement (selected items)

For the Year Ended December 31, 2010 Income from operations $345,000 Less unrealized loss on trading investments 23,000 ________ Net income $322,000 ________ ________