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Bayne Inc.bought bonds at a cost of $12,000 on March 1, 2011.At the end of the first quarter, March 31, Waba prepared financial statements and the bonds had a market value of $12,800.Bayne sold the bonds for $12,100 on May 18 before receiving any interest for them.
-On their second quarter financial statements prepared for the period ending June 30 Bayne should have recognized a):
A)$700 realized loss.
B)$300 realized loss.
C)$300 realized gain and a $400 unrealized gain.
D)$12,100 cash.

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Use the following information to answer questions 
Bayne Inc.bought bonds at a cost of $12,000 on March 1, 2011.At the end of the first quarter, March 31, Waba prepared financial statements and the bonds had a market value of $12,800.Bayne sold the bonds for $12,100 on May 18 before receiving any interest for them.
-On their second quarter financial statements prepared for the period ending June 30 Bayne should have recognized a):
A)$700 realized loss.
B)$300 realized loss.
C)$300 realized gain and a $400 unrealized gain.
D)$12,100 cash.

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The Answer of Use the following information to answer questions 
Bayne Inc.bought bonds at a cost of $12,000 on March 1, 2011.At the end of the first quarter, March 31, Waba prepared financial statements and the bonds had a market value of $12,800.Bayne sold the bonds for $12,100 on May 18 before receiving any interest for them.
-On their second quarter financial statements prepared for the period ending June 30 Bayne should have recognized a):
A)$700 realized loss.
B)$300 realized loss.
C)$300 realized gain and a $400 unrealized gain.
D)$12,100 cash.

Use the Following Information to Answer Questions