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4 5 points Anderson Corporation buys and sells debt securities which it classifies as available-for-sale securities. The company's fiscal year ends on December 31. On
4 5 points Anderson Corporation buys and sells debt securities which it classifies as available-for-sale securities. The company's fiscal year ends on December 31. On December 27, 2021, Anderson purchased United Communications bonds at par for $500,000. At December 31, the bonds had a fair value of 516,000. On January 3, 2022, the bonds were sold for $522,000. The impact on 2022 net income as a result of this investment would be: O $6,000 increase $22,000 increase O $16,000 increase O $0 Sa
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