Message-ID: <5716811.1075843087751.JavaMail.evans@thyme> Date: Sun, 12 Dec 1999 22:31:00 -0800 (PST) From: mrwood@beachrd.com To: e202a-1@haas.berkeley.edu, e202a-2@haas.berkeley.edu Subject: Question on Handout 3 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Michelle R. Wood" X-To: e202a-1@haas.berkeley.edu, e202a-2@haas.berkeley.edu X-cc: X-bcc: X-Folder: \Jeff_Dasovich_Dec2000\Notes Folders\Mba--accounting X-Origin: DASOVICH-J X-FileName: jdasovic.nsf Hello Folks, There has been some confusion about the Income Statement Gain/Loss Comparison table on page 4 of Handout 3. This table is correct as given and reflects income statement gains and losses due to changes in market value only. This table does not include income due to interest payments or dividends received. As you recall, market value changes for trading securities flow through the income statement while gains and losses for available for sale and held to maturity securities only affect income when they are sold. Michelle Wood mwood@haas.berkeley.edu - att1.htm