One of the ways that I like to supplement the Spiceland Intermediate Accounting textbook is to create financial statements from the journal entries in the lessons. Generally, the textbook shows the journal entry that is used for the transaction, but it sometimes does not show what happens to the balance sheet after the journal entry […]
Month: March 2022
Realized and unrealized gains and losses on the income statement vs OCI statement
Here is a table I made to show students where realized and unrealized gains and losses are reported. This table could be used when teaching the following chapters in the Spiceland Intermediate Accounting textbook (10th edition): Chapter 4: the Income Statement, Comprehensive Income, and the Statement of Cash Flows Chapter 12: Investments Chapter 17: Pensions […]