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

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 2007,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&R Block.

2007 2008 2009 Change in net unrealized gain on marketable securities S(26,152) S(4,197) S(4,000).

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