Business, 11.09.2019 01:30 davestrider404

Card corp. purchased bonds at a discount of $49,000. the bonds were classified as available for sale. subsequently, card sold these bonds at a premium of $12,000. during the period that card held this investment, amortization of the discount amounted to $19,000. what amount should card report as gain on the sale of bonds?

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Card corp. purchased bonds at a discount of $49,000. the bonds were classified as available for sale...