On December 31, 2010, Trading Securities with an Original Cost

question 33

Essay

On December 31, 2010, trading securities with an original cost of $100,000 have a market value of $109,000, and available-for-sale securities with an original cost of $45,000 have a market value of $60,000. It is management's intent to hold the available for sale securities indefinitely. Fill in the partial balance sheet at December 31, 2010 provided below showing the results of the investments. Clearly label whether any gains or losses are realized or unrealized and clearly show the balance sheet classifications.

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Definitions:

Sensitivity

The ability to perceive or feel things deeply, often used in reference to emotional or physical stimuli.

Twenty-third Pair

Refers to the last pair of human chromosomes, which determine an individual's sex: XX for females and XY for males.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA, carrying genetic information in the form of genes.

Sex of Child

Refers to the biological designation of a child as male or female, often determined at birth based on physical anatomy.