Business, 18.02.2021 21:40 haleynicole351ovewbg

Hawk Corporation purchased 1,000 Diamond Corporation bonds in 2018 for $500 per bond and classified the investment as securities available-for-sale. The value of the Diamond investment was $600 per bond on December 31, 2019, and $650 per bond on December 31, 2020. During 2021, Hawk sold all of its Diamond investment at $700 per bond. In its 2021 income statement, Hawk would report:

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Hawk Corporation purchased 1,000 Diamond Corporation bonds in 2018 for $500 per bond and classified...

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