Business, 16.09.2019 20:30 mandyleu

Dicker furriers purchased 1,000 bonds of loose corporation on january 10, 2020, for $800 per bond and classified the investment as securities available-for-sale. loose's market value was $400 per bond on december 31, 2020, and the decline was due to a noncredit loss. as of december 31, 2021, dicker still owned the loose bonds whose market value had declined to $100 per bond. the additional decline is due to a credit loss of $300 per bond. dicker does not believe (and never has believed) it is more likely than not that it would have to sell the loose investment before fair value recovers. dicker's december 31, 2021, balance sheet and the 2021 income statement would show the following: investment in loose bonds income statement loss on investmentsa. $ 100,000 $ 700,000b. $ 100,000 $ 300,000c. $ 800,000 $ 0d. $ 500,000 $ 300,000

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Dicker furriers purchased 1,000 bonds of loose corporation on january 10, 2020, for $800 per bond an...

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