A company invests $700,000 in corporate bonds in 2023 and classifies them as available-for-sale. At...
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A company invests $ in corporate bonds in and classifies them as availableforsale. At the end of the fair value of the securities is $ In the company sells the bonds for $ Which statement is true concerning the entry made to record the sale of the bonds in Select one: a Other comprehensive income declines by $ and income increases by $ b Other comprehensive income increases by $ and income increases by $ c Other comprehensive income increases by $ and there is no effect on income. d There is no effect on other comprehensive income, and income increases by $
A company invests $ in corporate bonds in and classifies them as availableforsale. At the end of the fair value of the securities is $ In the company sells the bonds for $
Which statement is true concerning the entry made to record the sale of the bonds in
Select one:
a
Other comprehensive income declines by $ and income increases by $
b
Other comprehensive income increases by $ and income increases by $
c
Other comprehensive income increases by $ and there is no effect on income.
d
There is no effect on other comprehensive income, and income increases by $
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