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Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2015 for $58 per bond and classified the investment as securities available for sale. The value of
Hawk Corporation purchased 10,000 Diamond Corporation bonds in 2015 for $58 per bond and classified the investment as securities available for sale. The value of the Diamond investment was 576 per bond on December 31, 2016. and $98 on December 31, 2017. During 2018, Hawk sold all of its Diamond investment at $150 per bond. In its 2018 income statement. Hawk would report Multiple Choice O Again of $520.000 Age of 8:320,000 O Aloss of S400.000 o Agam of $920.000
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