What the company will recognize in financial statements

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Problem 1: A company has a bond investment classified as "Held-to-maturity." The amortized cost of the investment on December 31, 2020 was $ 96,700. The market value of the bonds on that same date was $ 102,400. The company will recognize in its 2020 financial statements:

a. An unrealized gain of $ 5,700 on the Income and Expense Statement

b. An unrealized gain of $ 5,700 on the "Statement of comprehensive income"

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

d. None of the above

Reference no: EM132785762

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