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Gunnison Company purchased 1 0 , 0 0 0 Mesa Inc. bonds in 2 0 2 1 for $ 5 7 per bond and classified
Gunnison Company purchased Mesa Inc. bonds in for $ per bond and classified the investment as securities availableforsale. The value of the Mesa Inc. investment was $ per bond on December and $ per bond on December During Gunnison Company sold all of its Mesa Inc. investment at $ per bond. Calculate the gain Gunnison Company would report in its income statement.
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