Analysis of financial statement disclosures for securities available for sale. Reproduces data about the marketable equity securities held as securities available for sale for Moonlight Mining Company. Assume that Moonlight held no current marketable securities at the end of 2008, sold no current marketable securities during 2009, purchased no noncurrent marketable securities during 2009, and transferred no noncurrent marketable securities to the current portfolio during 2009. The income statement for 2009 shows a realized loss on sale of noncurrent marketable securities of $3,068,000.
a. What amount of net unrealized holding gain or loss on noncurrent marketable securities appears on the balance sheet for the end of 2008?
b. What amount of net unrealized gain or loss on noncurrent securities appears on the balance sheet for the end of 2009?
c. What were the proceeds from the sale of noncurrent marketable securities during 2009?
d. What amount of unrealized holding gain or loss on marketable securities appears on the income statement for 2009?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here