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On March 31, 2016, Brodie Corporation acquired bonds with a par value of $400,000 for $425,800. The bonds are due December 31, 2021, carry a

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On March 31, 2016, Brodie Corporation acquired bonds with a par value of $400,000 for $425,800. The bonds are due December 31, 2021, carry a 12% annual interest rate, pay interest on June 30 and December 31, and are being held to maturity. The accrued interest is included in the acquisition price of the bonds. Brodie uses straight-line amortization IF

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