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What effect would the securities have had on steinway

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Reference no: EM132708324

Suppose Steinway holds the same marketable securities through the end of 2013 and that they increased in value to $1,883 by the end of 2013.

Problem 1: What effect (direction and amount) would the securities have had on Steinway's 2013 pretax income if they were securities available for sale?

Problem 2: What effect (direction and amount) would the securities have had on Steinway's 2013 pretax income if they were trading securities?

 

Reference no: EM132708324

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