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Dawson Corporation purchased 10,000 Grand Foods Corporation bonds in 2015 for $65 per bond and classified the investment as securities available for sale. The value
Dawson Corporation purchased 10,000 Grand Foods Corporation bonds in 2015 for $65 per bond and classified the investment as securities available for sale. The value of the Grand Foods investment was $71 per bond on December 31, 2016, and $94 on December 31, 2017. During 2018, Dawson sold all of its Grand Foods investment at $143 per bond. In its 2018 income statement, Dawson would report:
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