Parent Company owns an 80% interest in Subsidiary Company. Subsidiary Company has outstanding $200,000 of...
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Parent Company owns an 80% interest in Subsidiary Company. Subsidiary Company has outstanding $200,000 of 8% bonds that were sold at face value and have 5 years to mature from the balance sheet date. Parent Company owns 75% of the bonds and has a remaining unamortized book value of $145,000. Subsidiary Company bonds will be presented on the consolidated balance sheet as
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