Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2018 for $69 per bond and classified...
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Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2018 for $69 per bond and classified the investment as securities available-for-sale. The value of the Diamond Investment was $86 per bond on December 31, 2019, and $102 per bond on December 31, 2020. During 2021, Hawk sold all of its Diamond Investment at $141 per bond. In its 2021 Income statement, Hawk would report: Multiple Choice Again of $1050,000 Again of $330,000 Again of $720,000 Again of $390,000
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