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Business, 12.04.2021 20:00 EmmaKozlewski2545

Dim Corporation purchased 1,000 bonds of Witt Corporation in 2018 for $840 per bond and classified the investment as securities available-for-sale. The value of these holdings was $270 per bond on December 31, 2019, and $412 per bond on December 31, 2020. During 2021, Dim sold all of its Witt bonds at $480 per bond. In its 2021 income statement, Dim would report:

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Dim Corporation purchased 1,000 bonds of Witt Corporation in 2018 for $840 per bond and classified t...
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