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December 27, 2024, S&L purchased Coca-Cola bonds at par for $896,000 and sold the bonds...

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Accounting

December 27, 2024, S&L purchased Coca-Cola bonds at par for $896,000 and sold the bonds on January 3, 2025, for $903,500. At December 31, the bonds had a fair value of $891,000.

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