On January 1, Year 1, Broglie Company purchased $922,000 of bonds issued by Caro Company at face value. Broglie had the positive intent and ability to hold debt securities to maturity. On December 31, Year 1, those bonds had a fair value of $950,000.
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Bed & Bath, a retailing company, has two departments: Hardware and Linens. The company's most recent monthly contribution format income statement follows: Total Hardware Linens Sales $4,180,000 $3,100,000 $1,080,000 Variable expenses 1,308,000
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