H&R Block reported the following account on its statement of shareholders equity (dollars in thousands): REQUIRED: a.

Question:

H&R Block reported the following account on its statement of shareholders€™ equity (dollars in thousands):

REQUIRED:
a. Did the market value of H&R Block€™s marketable securities increase or decrease in 2010, 2011, and 2012?
b. How could H&R Block manage its earnings by choosing when to sell certain of its marketable securities?
c. Explain how the FASB requirement on comprehensive income will influence the reporting practices of H&RBlock.