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Business, 29.03.2021 20:40 adrianaa52

Surface Company purchased 1,000 bonds of Slick Company in 2018 for $830 per bond and classified the investment as securities available-for-sale. The value of these holdings was $256 per bond on December 31, 2019, and $412 per bond on December 31, 2020. During 2021, Surface sold all of its Slick bonds at $370 per bond. In its 2021 income statement, Surface would report: Multiple Choice A trading gain of $42,000 and an unrealized holding loss of $370,000. A recognition of unrealized holding losses of $256,000. A loss on the sale of investments of $460,000.

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