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MC Qu . 1 2 Douglas - Roberts has bonds outstanding during a . . . Douglas - Roberts has bonds outstanding during a year

MC Qu

. 12

Douglas

-

Roberts has bonds outstanding during a

. . .

Douglas

-

Roberts has bonds outstanding during a year in which the market rate of interest has risen. Douglas

-

Roberts has elected the fair

value option for the bonds. What will the company report for the bonds in its statement of comprehensive income for the year?

No interest expense and a gain.

No interest expense and a loss.

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