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Business, 11.09.2019 04:30 shaheedbrown06

S& l financial buys and sells securities that it typically classifies as available-for-sale. on december 27, 2018, s& l purchased coca-cola bonds at par for $715,000 and sold the bonds on january 3, 2019, for $717,500. at december 31, the bonds had a fair value of $713,500. when it purchased the coca-cola bonds, s& l financial decided to elect the fair value option for this investment. what pretax amounts did s& l include in its 2018 and 2019 net income as a result of this investment (ignoring interest)?

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