Determining Financial Statement Effects of Available-for-Sale Securities Transactions
Using the following categories, indicate the effects of the transactions listed in M12-3 assuming the secu rities are available for sale. Use + for increase and – for decrease and indicate the amounts.
| Balance Sheet | Income Statement | ||||
Transaction | Assets | Liabilities | Stockholders' Equity | Revenues/ Gains | Expenses/ Losses | Net Income |
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