Trinitron inc. acquired a note receivable near the end of 2019 and elected the fair value option. the note had a fair value of $920,000 and a carrying amount of $510,000. on december 31, 2020, the note had a fair value of $900,000. what would trinitron record on december 31, 2020?

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.