A parent company purchased bonds of its subsidiary from a nonaffiliate in the preceding year, and a
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A parent company purchased bonds of its subsidiary from a nonaffiliate in the preceding year, and a loss on bond retirement was reported in the consolidated income statement. How will income assigned to the noncontrolling interest be affected in the year following the constructive retirement?
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Related Book For 
Advanced Financial Accounting
ISBN: 9780072444124
5th Edition
Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King
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