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How the company will recognize

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Problem 1: Suppose that on July 15, 2021, when the amortized cost of the investment in the previous question was $ 148.00, the company sold the investment for the amount of $ 152,000, which was the market value on that date. In the entry of the wage to record the sale, the company will recognize:

a.An unrealized gain of $ 4,000 on the Income and Expense Statement

b. An unrealized gain of $ 4,000 on the Statement of comprehensive income

c. A realized gain of $ 4,000 on the Income and Expense Statement

d. A realized gain of $ 2,000 on the Income and Expense Statement.

Reference no: EM132744759

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