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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Mike Buckley who wrote (38461)1/26/2001 1:18:01 PM
From: Thomas Mercer-Hursh  Read Replies (1) of 54805
 
Ah, I see what you mean ... sort of. Yes, I agree that I prefer proceeds from investments to also show up below the line. Seems like one side of the transaction is to credit the investment asset account and debit the gain or loss on investments account, which is below the line, and the other half is to debit cash and credit the same gain or loss account. That account is then positive (credit) or negative depending on whether one got more cash than the booked value of the investment or less.

Or, are you saying that they actually had two separate transactions, one in which they wrote down the value of the investment, which they put below the line, and then one in which they realized profit from sale which they booked as revenue? This seems strange since this later transaction would only be positive revenue if the sale realized more than the book value of the investment.

Bottom line, all of this should be below the line.
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