Investment Research Associates - Page 116




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         $65,000 and sold for a price of $zero; (2) a $22,862 long-term               
         capital loss on its investment in 1984 Development, Ltd.,                    
         partnership interest acquired in 1982 having an adjusted basis of            
         $23,962 and a selling price of $1,000; (3) a $132,013 bad debt;              
         (4) a $1,176,670 loss on business notes.                                     
              The IRA general ledger for January 1 to December 31, 1987,              
         shows the following transactions with respect to the receivables:            
         Holding Co.                                                                  
         Unavailable history                     $64,000                              
         Assets from Int'l Films       ADJ 12       12,743                            
         New balance                             76,743                               
         Int'l Films                                                                  
         Unavailable history                     507,648                              
         Int'l Films/loan 10/20/87               60                                   
         Payment from Int'l Films      AJE 08     (507,708)                           
         New balance                             0                                    
         HELO                                                                         
         Unavailable history                     485,825                              
         Sell N/R to MAF               ADJ 32    (485,825)                            
         Payment from Int'l Films      ADJ 08    114,870                              
         Sold to MAF                   ADJ 09    (114,870)                            
         Int'l Films on amts owed      ADJ 10    (7,433)                              
         MAF purchase HELO N/R                         (1)                            
         Assets from Int'l Films       ADJ 12    7,433                                
         ADJ CR                        ADJ 24     1                                   
         New balance                                   0                              
         Safari Trust                                                                 
         Payment from Int'l Films      ADJ 08    62,550                               
         Sold to MAF                   ADJ 09    (62,550)                             
         Int'l Films on amts owed      ADJ 10    (4,048)                              
         Assets from Int'l Films       ADJ 12       4,048                             
         New balance                                   0                              
         CMB Cinema Trust                                                             
         Payment from Int'l Films      ADJ 08    44,887                               
         Sold to MAF                   ADJ 09    (44,887)                             
         Int'l Films on amts owed      ADJ 10    (2,905)                              
         Assets from Int'l Films       ADJ 12      2,905                              
         New balance                                   0                              




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Last modified: May 25, 2011