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During 2 0 2 3 , Culver Inc. purchased 2 2 0 0 , $ 1 0 0 0 , 7 % bonds. The bonds
During Culver Inc. purchased $ bonds. The bonds mature on March and pay interest on March and September The carrying value of the bonds at December was $ on September after the semiannual interest was received, Brandon sold half of these bonds for $ Culver uses straightline amortization and has accounted for the bonds under the amortized cost model.The gain on the sale is
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