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NOTE 7 - TRADING SECURITIES
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Jun. 30, 2012
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| NOTE 7 - TRADING SECURITIES |
NOTE 7 - Trading Securities
Fair market measurement at June 31, 2012 were computed using quoted prices in an active market for identified assets, (level 1). The shares were obtained as compensation for performing consulting services.
During the six months ended June 30, 2012 the Company sold 100,000 shares of marketable equity securities for a loss of $6,523.
The unrealized loss for the six months ended June 30, 2012 is $25,500 and is included in the Statement of Operations. |
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- Definition
Disclosure of accounting policy for investments in debt and equity securities that are classified as trading securities. This policy also may describe the entity's accounting treatment for transfers between investment categories and how the fair values of such securities are determined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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