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P17-1 a. 31-Dec-04 Held-to-maturity securities Cash b. 31-Dec-05 Interest receivable Interest revenue Held-to-maturity securities c. Cash Held to Maturity Securities Interest Revenue d. Available for Sale Securities Cash 108,660 108,660 7,000 5,433 1,567 7000 1728 5272 108,660 108,660 e. December 31, 2005 Interst Receivable Available for sale securities Interest Revenue Unrealized holing gain or loss - Equity Securities fair value adjustment (available for sale) (107,093 - 106,500) $7,000 $1,567 $5,433 $593 $593 f. December 31, 2007 Interest receivable Available for sale securities Interest revenue Unrealized Holding Gain or Loss - Equity Securities fair value adjustment (available for sale) $7,000 $1,728 $5,272 ($122) ($122) P17-9 (a) What should be reported on Woolford’s December 31, 2006, balance sheet relative to these longterm available-for-sale securities? Cost Favre, Inc. Brady Corp. McNabb Company Total portfolio Fair Value Unrealized Gain (Loss) $22,000 115,000 $32,000 85,000 $10,000 -30,000 124,000 96,000 -28,000 ($48,000) $261,000 $213,000 On Woolford's December 31, 2006 balance sheet the total portfolio at fair value $213,000 should be reported ...
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