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.


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  • CreatedAugust 19, 2014
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