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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.
-Using the original information,the amount of consolidated Interest Expense for 2012 was
Rational Path
A logically constructed route or method for solving a problem or reaching a goal.
Unusual Sensations
Experiences that deviate from the norm, such as tingling, or auditory and visual phenomena, not typically encountered by most individuals.
Operant Conditioning
A method of learning that employs rewards and punishments for behavior, emphasizing the idea that behaviors are influenced by their consequences.
Social Cues
Non-verbal indicators, including facial expressions, body posture, and tone of voice, that guide social interactions.
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