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Plenty Corporation issued six thousand,$1,000 par,6% bonds on January 1,2010,at par.Interest is paid on January 1 and July 1 of each year;the bonds mature on January 1,2015.On January 2,2012,Scrawn Corporation,a 75%-owned subsidiary of Plenty,purchased 3,000 of the bonds on the open market at 102.50.Plenty's separate net income for 2012 included the annual interest expense for all 3,000 bonds.Scrawn's separate net income for 2012 was $400,000,which included the bond interest received on July 1 as well as the accrual of bond interest revenue earned on December 31.Both companies use straight-line amortization of bond discounts/premiums.
-If the bonds were originally issued at 106,and 80% of them were purchased by Scrawn on January 2,2013 at 98,the gain or (loss) from the intercompany purchase was
Childbirth
The process of giving birth to a baby, including labor and delivery.
Placental Membrane
A thin tissue layer in the placenta that separates the mother's blood from the fetus's blood, allowing exchange of materials but not direct blood mixing.
Cesarean-Section
This is an operative method for childbirth, involving cuts in the mother's abdomen and womb.
Julius Caesar
A Roman general and statesman who played a critical role in the events that led to the demise of the Roman Republic and the rise of the Roman Empire.
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