Sharks Inc. owns corporate bonds that it accounts for using FV-OCI without recycling. The carrying value of the bonds at December 31, 2021 year end was $600,000, and there was a credit balance in the accumulated other comprehensive income account in the amount of $90,000 related to these bonds. On August 31, 2022, Sharks Inc. sold 50% of the bonds at $270,000. At December 31, 2022 year end, the fair value of the remaining bonds is $330,000. What is the total amount related to these bonds credited to retained earnings at the end of 2022? Question 4Answer

a. $75,000 

b. $15,000 

c. $30,000 

d. $45,000 

e. $90,000

Answer rating: 100% (QA)

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