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31. A company has a bond investment classified as "Held-to-maturity." The amortized cost of the investment as of December 31,2022 was $96,700. The market value of the bonds on that same date was $102,400. The company will recognize in its financial statements for the year 2022 : a. An unrealized gain of $5,700 on the Statement of Income and Expenses b. An unrealized gain of $5,700 on the Statement of comprehensive income c. A credit balance of Fair value adjustment in the Statement of position d. Nene of the above 32. Refer to the previous question. Assume that on February 28,2023 , the market value of the bonds was $103,500. The company sold the notes for that amount on March 1 . 2023. Prior to the sale, the amortized cost was adjusted to $96,900. On the aforementioned date, the company will recognize as a result of the sale: a. A realized gain of $6,600 on the Statement of Income and Expenses. b. A realized gain of $1,100 on the Statement of Income and Expenses. c. An unrealized gain of $1,1 ( 10 and a realized gain of $5,500 on the Statement of Income and Expense. d. A realized gain on sale of $1,100 and a reclassification from AOCI to the Statement of Income and Expense of $5,500. 33. A company has a portfolio of investments classified as "for trading (Trading)". On December 31,2022 , the amortized cost of the portfolio was $190,550. On that same date the market value of the portfolio was $186,490. The company will recognize in its financial statements for the year 2022 : a. An unrealized loss of $4,060 on the Statement of Income and Expenses b. An unrealized loss of $4,060 on the Statement of comprehensive income c. A credit balance of Fair value adjustment in the Statement of position d. Altematives "a" and "c" are correct

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