Determining Financial Statement Effects of Trading Securities Transactions
Using the following categories, indic ate the effects of the tran sactions listed in M 12-3 assuming the sec urities are trading securit ies. Use + for increase and – for decr ease and indicate the amounts.
| Balance Sheet | Income Statement | ||||
Transaction | Assets | Liabilities | Stockholders' Equity | Revenues/ Gains | Expenses/ Losses | Net Income |
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