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23-12-2022
Business

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ruby corporation purchased 1,000 diamond corporation bonds in 2020 for $800 per bond and classified the investment as securities available-for-sale. the value of these holdings was $300 per bond on december 31, 2020. during 2021, ruby sold all of its diamond bonds at $350 per bond. in its 2021 income statement, ruby would report:

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