Dim corporation purchased 1,000 bonds of witt corporation in 2015 for $790 per bond and classified the investment as securities available for sale. the value of these holdings was $272 per bond on december 31, 2016, and $404 on december 31, 2017. during 2018, dim sold all of its witt bonds at $490 per share. in its 2018 income statement, dim would report:

In the income statemnt for 2018

Gain on Sale of Bonds 86,000

Explanation:

This securities available for sale will be measurement at fair value, through profit and loss

2018 Beginning Valuation

1,000 bonds x 404 = 404,000

Value at sale

1,0000 x 490 = 490,000

Gain on Sale of Bonds 86,000

answer; i do believe that the correct answer is ; ///are valued more highly than their cost;

answer: 11/12

step-by-step explanation: 4 1/4 and 3 1/3 is equivalent to 4 3/12 and 3 4/12. 4 3/12 - 3 4/12 =11/12