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Business, 29.03.2021 19:50 gunnatvinson

Penta Company purchased 1,000 bonds of Gone Company in 2018 for $870 per bond and classified the investment as securities available-for-sale. The value of these holdings was $262 per bond on December 31, 2019, and $448 per bond on December 31, 2020. During 2021, Penta sold all of its Gone bonds at $480 per bond. In its 2021 income statement, Penta would report:

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Penta Company purchased 1,000 bonds of Gone Company in 2018 for $870 per bond and classified the inv...

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