Question
ED-4 Reporting Unrealized Losses/Gains for Available-for-Sale Securities and Trading Securities On June 30, 2012, MetroMedia, Inc., purchased 10,000 shares of Mitek stock for $20 per
ED-4 Reporting Unrealized Losses/Gains for Available-for-Sale Securities and Trading Securities
| On June 30, 2012, MetroMedia, Inc., purchased 10,000 shares of Mitek stock for $20 per share. The following information pertains to the fair value of Mitek stock: |
Per Share
| 12/31/2012 | $ | 24 | |
| 31 |
| Required: | |
| 1. | Assume that management intends to hold the stock as available-for-sale securities for three years or more. Show how the stock investment and its net unrealized losses/gains would be reported at the end of 2013 and 2012 on the classified balance sheet and income statement. |
| 2. | Assume that management purchased the stock as trading securities. Show how the investment and net unrealized losses/gains would be reported at the end of 2013 and 2012 on the classified balance sheet and income statement. |
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Methodology For Auditing Forest Ecosystem Services In Agroforestry Enterprises Pinar Del Rio Cuba
Authors: Dairon Rojas Hernández
1st Edition
620351974X, 978-6203519747
