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Hawk Corporation purchased 10.000 Diamond Corporation bonds In 2018 for $66 per bond and classified the Investment as securities available-for-sale. The value of the Diamond
Hawk Corporation purchased 10.000 Diamond Corporation bonds In 2018 for $66 per bond and classified the Investment as securities available-for-sale. The value of the Diamond Investment was $89 per bond on December 31, 2019, and $109 per bond on December 31, 2020. During 2021, Hawk sold all its Diamond Investment at $143 per bond. In its 2021 Income statement, Hawk would report Multiple Choice O Again of $340.000 O Again of $1.200.000, O A gain of $770.000 Again of $430,000
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