On 12/31/2020, a parent company purchased the bonds of its subsidiary from the bondholders of...
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On 12/31/2020, a parent company purchased the bonds of its subsidiary from the bondholders of the subsidiary for $102,000 cash. The carrying value of the bonds on the general ledger of the subsidiary was $107,000. What amounts will appear on the parent's consolidated balance sheet for 2020? A) B) C) Investment Bonds In Bonds Payable $102,000 $0 Investment Bonds In Bonds Payable $107,000 $102,000 Investment Bonds In Bonds Payable $102,000 $107,000 Investment Bonds In Bonds Payable $0 $107.000 Investment Bonds In Bonds Payable $0 $0 D) E) Question 17 (2 points) How is the year-end balance of the NCI in Net Income (NCINI) account calculated? A) NCI% of S's book/reported net income + NCI's % of Amort of Differential. B) NCI% of S's book/reported net income - NC's % of Amort of Differential. C) NCI% of S's book/reported net income - NCI's % of Amort of Differential - NCI's% of S's dividends. D) NCI% of S's book/reported net income - NCI's % of Amort of Differential + NCI's% of S's dividends
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