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Dim Corporation purchased 1,000 bonds of Witt Corporation in 2015 for $740 per bond and classified the investment as securities available for sale. The value

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Dim Corporation purchased 1,000 bonds of Witt Corporation in 2015 for $740 per bond and classified the investment as securities available for sale. The value of these holdings was $259 per bond on December 31, 2016, and $424 on December 31, 2017. During 2018, Dim sold all of its Witt bonds at $340 per share. In its 2018 income statement, Dim would report: Multiple Choice A trading gain of $84,000 and an unrealized holding loss of $340,000. A loss on the sale of investments of $400,000. A recognition of unrealized holding losses of $259,000. A realized gain of $84,000. Next> Prev 13 of 23

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