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S&L Financial buys and sells securities which it classifies as available - for - sale. Assume that on December 2 7 , 2 0 2
S&L Financial buys and sells securities which it classifies as availableforsale. Assume that on December S&L purchased CocaCola bonds at par for $ and sold the bonds on January for $ At December the bonds had a fair value of $ and & has the intent and ability to hold the investment until fair value recovers.
What pretax amounts did S&L include in its and net income as a result of this investment?
Note: Enter all amounts as positive values.
tablePretax amountNo gain or loss in earnings,Gain,
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