When Investments in Bonds Are Sold, Any Difference Between the Sales

question 170

True/False

When investments in bonds are sold, any difference between the sales price and the fair value of the bonds is recorded as a gain or loss.

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Definitions:

Gigabytes

A unit of digital information storage equal to 1,024 megabytes or approximately 1 billion bytes.

Terabytes

A unit of digital storage measurement equal to approximately one trillion bytes, often used to specify the size of large data or disk capacities.

Megabytes

A unit of digital information storage equal to 1,024 kilobytes or approximately 1 million bytes.

Kilobytes

A unit of digital information equal to 1,024 bytes, used to measure the size of data files and storage capacity.