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4 points Foolish Corporation buys and sets debe securities which classifies as trading securities. The company's focal year ends on December 31 on December 27
4 points Foolish Corporation buys and sets debe securities which classifies as trading securities. The company's focal year ends on December 31 on December 27 2021, Foods purchased Northem Communications bonds at par for $790.000. December 31, the bonds had a forvave of 502.000. On January 3.2022, the bonds were sold for $817.000. The impact on 2021 net income as a result of this investment would be: $12.000 increase $27.000 increase 315,000 screase 50
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