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Current Attempt in Progress Indigo Inc. owns a bond that is accounted for using the cost/amortized cost model. At the reporting period end, the carrying

Current Attempt in Progress Indigo Inc. owns a bond that is accounted for using the cost/amortized cost model. At the reporting period end, the carrying value of the bond is $958000. Management believes that the fair market value of the bond is $983000. What would the entry be for the gain/loss on the bond

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