Dim Corporation purchased 1,000 bonds of Witt Corporation in 2018 for $810 per bond and classified the investment as securities available-for-sale. The value of these holdings was $272 per bond on December 31, 2019, and $442 per bond on December 31, 2020. During 2021, Dim sold all of its Witt bonds at $360 per bond. In its 2021 income statement, Dim would report:
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Dim Corporation purchased 1,000 bonds of Witt Corporation in 2018 for $810 per bond and classified t...
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