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Question - During 20x1, Brandon Inc. purchased 1951, $1,000, 6.6% bonds. The bonds mature on March 1, 20x6, and pay interest on March 1 and September 1. The carrying value of the bonds at December 31, 20x1 was $1839644. On September 1, 20x2, after the semi-annual interest was received, Brandon sold half of these bonds for $988844. Brandon uses straight-line amortization and has accounted for the bonds under the amortized cost model. What is the gain on the sale?
Identify what tools are applicable internally and why? Identify and explain what tools are applicable externally with vendors.
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Amortization of prior service cost was $48,000 for 2008. What is the amount of Prada's prepaid pension cost at December 31, 2008
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