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BigOH Tire Company was looking into the Seinfeld Company and now owns 450 of Seinfeld's bonds. This is great for BigOh as in 2024 the
BigOH Tire Company was looking into the Seinfeld Company and now owns 450 of Seinfeld's bonds. This is great for BigOh as in 2024 the fair value of Seinfeld's bonds increased by $9 million! Given BigOH classified this as available for sale, what is the ultimate effect of their 2024 financial statements? Multiple Choice Shareholders equity decreased Total assets decreased Net assets increased Net income increased
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