Professional Documents
Culture Documents
b Stockholder's equity
Net unrealized loss - AFS ($20,000)
c Income Statement
Investment income 6,000
Equity in investee earning 120,000
P.12-6
4. The amounts reported are different
1) different approached are used in recognizing
investment revenue
2) adjustment for changes in market value are
only made for market value method (owning
less than 20%)
Statement of Cash Flow (Chap.13)
P.13-3 Direct Method
Frank Corporation
Statement Of Cash Flows
Ended 31 Dec 2004