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Business, 23.02.2022 14:00 uehlingt39

In 2019, Osgood Corporation purchased $6.4 million worth of 10-year municipal bonds at face value. On December 31, 2021, the bonds had a fair value of $3,800,000 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. $3,800,000 $0
b. $3,800,000 $2,600,000
c. $6,400,000 $2,600,000
d. $6,400,000 $0

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In 2019, Osgood Corporation purchased $6.4 million worth of 10-year municipal bonds at face value. O...

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