Sue Garner is the daughter of Fred Garner the founder and president of Big Sky Enterprises. She has been working in various departments during school vacations throughout high school. She burst into the accounting department excitedly one morning. She said that the stock prices of several of the firm's available-for-sale securities are up and that her father said that the company had made over $10000 because of this jump in stock prices. She asks to see how the increase is recorded. It is a very busy time in the accounting department and so her question is deferred.
Required:
Prepare a brief note to answer Sue's question.

Question

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The Answer of Sue Garner is the daughter of Fred Garner the founder and president of Big Sky Enterprises. She has been working in various departments during school vacations throughout high school. She burst into the accounting department excitedly one morning. She said that the stock prices of several of the firm's available-for-sale securities are up and that her father said that the company had made over $10000 because of this jump in stock prices. She asks to see how the increase is recorded. It is a very busy time in the accounting department and so her question is deferred.
Required:
Prepare a brief note to answer Sue's question.

Sue Garner Is the Daughter of Fred Garner the Founder