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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:
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Dim corporation purchased 1,000 bonds of witt corporation in 2015 for $790 per bond and classified t...
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