Investments in debt instruments for the purpose of holding the investment and earning interest are valued at amortized cost and classified as non-current assets. Select one: True False Murvish Corporation purchased 500 shares of Elena common shares for $ 60 per share as a short term investment. The fair value at year-end was $ 62 per share. The shares were sold subsequent to the year-end for $ 65 per share. The gain or loss recognized at year end is Select one a $ 1.000 gain Ob $ 2,500 gain Oc$ 1,500 gain. Od $2,500 loss If a company sells an investment in bonds before maturity at a price below the carrying value of the bond, a loss is recognized, Select one True False