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Business, 12.08.2020 17:01 rhucke99121

Which option is correct. A, B, C, or D In 2019, Osgood Corporation purchased $6.1 million worth of 10-year municipal bonds at face value. On December 31, 2021, the bonds had a fair value of $4,300,000 and Osgood reclassified the bonds from held-to-maturity to trading securities. Osgood's December 31, 2021, balance sheet and the 2021 income statement would show the following:
Investment in bonds (TS) Income statement loss on investments
a. $4,300,000 $ 0
b. $4,300,000 $1,800,000
c. $6,100,000 $1,800,000
d. $6,100,000 $ 0
a) Option d.
b) Option c.
c) Option b.

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