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Compute company will recognize in financial statements

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Problem 1: A company has a bond investment classified as "Available for sale". As of December 31, 2020, the amortized cost was $ 147,500 and the market value was $ 150,000. The company will recognize in its 2020 financial statements:

a. An unrealized gain of $ 2,500 on the Income and Expense Income Statement

b. An unrealized gain of $ 2,500 on the "Statement of comprehensive income"

c. A credit balance of Fair value adjustment in the Balance Sheet.

d. Both "b" and "c" are correct.

Reference no: EM132744756

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