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3 S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2018, S&L purchased Coca-Cola bonds at par for $820,000 and
3 S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2018, S&L purchased Coca-Cola bonds at par for $820,000 and sold the bonds on January 3, 2019, for $824,500. At December 31, the bonds had a fair value of $815,000, and S&L has the intent and ability to hold the investment until fair value recovers. 10 points What pretax amounts did S&L include in its 2018 and 2019 net income as a result of this investment? Skipped Pretax amount 2018 2019 eBook Print References
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