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Question - A company paid $27,800 plus a broker's fee of $275 to acquire 8% bonds with a $30,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:
A. $28,075
B. $32,400
C. $30,000
D. $30,275
E. $27,800
During the current year, merchandise is sold for $1,375,000. The cost of the merchandise sold is $880,000. What is the amount of the gross profit
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