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Business, 09.12.2019 20:31 Bryson2148

Stang corporation issued to bradley company $600,000 par value, 10-year bonds with a coupon rate of 12 percent on january 1, 20x5, at 104. the bonds pay interest semiannually on july 1 and january 1. on january 1, 20x8, purple corporation purchased $150,000 of the bonds from bradley for $155,300. purple owns 60 percent of the voting common shares of stang and prepares consolidated financial statements.

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