How to book unrealized gain
[DOC File]Chapter 7
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Alternatively, an unrealized gain on the sale of land is recorded on the books of the selling affiliate, but it is not recognized as a gain for consolidated statement purposes because the land is still held within the consolidated entity. Thus, a constructive gain on bonds is realized and recognized from the viewpoint of the consolidated entity ...
[DOC File]CHAPTER 1
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The unrealized gain is not deferred because separate returns are being filed. Intercompany dividends are not taxable because the parties qualify as an affiliated group even though separate returns are being filed. Answer c. differs from a. and b. because tax on the $90,000 unrealized gain (40% or $36,000) is paid immediately. d. $268,064
[DOCX File]Statutory Accounting Principles Working Group
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Any previous unrealized gain/loss from prior fair value fluctuations shall immediately be recognized as a realized gain/loss through net income. The fair value, and any unrealized gains or losses from changes in fair value, of the effective hedging derivative instruments (e.g., swaps) will …
[DOC File]DISCUSSION QUESTIONS
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Unrealized Gain on Trading Investments 63,000. To record increase in fair value of . trading investments, 9,000 shares × ($29 per share – $22 per share). b. The unrealized gain or unrealized loss for trading investments is disclosed in the income statement as “other income” (or a separate item if significant).
[DOC File]CHAPTER 1
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Unrealized gain to be deferred until 2008 $2,000. Schedule 3—Deferral of Unrealized Gain—2008. Inventory remaining at end of year (30%) $24,000. Gross profit percentage ($30,000/$80,000) x 37 1/2%. Gross profit remaining in inventory $9,000. Ownership percentage x 40%. Unrealized gain to be deferred until 2009 $3,600 26.
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