Business
Business, 01.02.2021 22:10, Nathaliasmiles

On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $63 million at par and classified the securities as available-for-sale. On December 31, 2021, these bonds were valued at $56 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $72 million. As part of the multistep approach to record the 2022 transaction, Jefferson Corporation should finally take the third step of recording a sales transaction with a gain of:.

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