Business, 20.10.2021 18:00, Zshotgun33

In 2019, Osgood purchased $4 million worth of 10-year municipal bonds at face value. On December 31, 2021, the bonds had a fair value of $3,600,000. Assume Osgood classified the bonds as AFS. Osgood's December 31, 2021, balance sheet and the 2021 income statement would report the following: Investment in bonds Income statement loss on investments
a. $3,600,000 $ 0
b. $3,600,000 $ 400,000
c. $4,000,000 $ 400,000
d. $4,000,000 $ 0

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In 2019, Osgood purchased $4 million worth of 10-year municipal bonds at face value. On December 31,...