manawa
Sep 7, 2010, 07:07 PM
Investments are in listed companies and are sated at market valuation at each balance date of 31/01. The increases in fair value are held in Reained earnings.
trial balance accounts are:
Investments long term=2010 23100
2009= 20300
Fair value gain on long term investment $2800 in 2010 and 0 in 2009
retained earnings is $82550 in 2010 and 82209 in 2009
trial balance accounts are:
Investments long term=2010 23100
2009= 20300
Fair value gain on long term investment $2800 in 2010 and 0 in 2009
retained earnings is $82550 in 2010 and 82209 in 2009