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Category > Accounting Posted 15 May 2017 My Price 10.00

Available-for-sale securities

Available-for-sale securities

S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2016, S&L purchased Coca-Cola common shares for $875,000 and sold the shares on January 3, 2017, for $880,000. At December 31, the shares had a fair value of $873,000, and S&L has the intent and ability to hold the investment until fair value recovers. What pretax amounts did S&L include in its 2016 and 2017 earnings as a result of this investment?

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Alpha Geek
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Status NEW Posted 15 May 2017 01:05 PM My Price 10.00

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file 1494856519-1848912_1_636303674479079539_Available-for-sale-securities-income.xlsx preview (163 words )
18-----------489-----------12&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------362-----------965-----------Ava-----------ila-----------ble------------fo-----------r-s-----------ale----------- se-----------cur-----------iti-----------esS-----------&am-----------p;a-----------mp;-----------L F-----------ina-----------nci-----------al -----------buy-----------s a-----------nd -----------sel-----------ls -----------sec-----------uri-----------tie-----------s w-----------hic-----------h i-----------t c-----------las-----------sif-----------ies----------- as----------- av-----------ail-----------abl-----------e-f-----------or------------sal-----------e. -----------On -----------Dec-----------emb-----------er -----------27,----------- 20-----------16,----------- S&-----------amp-----------;am-----------p;L----------- pu-----------rch-----------ase-----------d C-----------oca------------Co-----------la -----------com-----------mon----------- sh-----------are-----------s f-----------or -----------$87-----------5,0-----------00 -----------and----------- so-----------ld -----------the----------- sh-----------are-----------s o-----------n J-----------anu-----------ary----------- 3,----------- 20-----------17,----------- fo-----------r $-----------880-----------,00-----------0. -----------At -----------Dec-----------emb-----------er -----------31,----------- th-----------e s-----------har-----------es -----------had----------- a -----------fai-----------r v-----------alu-----------e o-----------f $-----------873-----------,00-----------0, -----------and----------- S&-----------amp-----------;am-----------p;L----------- ha-----------s t-----------he -----------int-----------ent----------- an-----------d a-----------bil-----------ity----------- to----------- ho-----------ld -----------the----------- in-----------ves-----------tme-----------nt -----------unt-----------il -----------fai-----------r v-----------alu-----------e r-----------eco-----------ver-----------s.
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