Question: For several years, Selander Products has held Microsoft bonds and classified them as investment securities available for sale. Selander acquired the bonds initially at a

For several years, Selander Products has held Microsoft bonds and classified them as investment securities available for sale. Selander acquired the bonds initially at a cost of $

500, 000 .

At the end of

2023,

their fair value was $

610, 000,

and their amortized cost was $

510, 000 .

At the end of

2024,

their fair value was $

600, 000,

and their amortized cost was $

520, 000 .

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