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c. As a result of the entry recorded at December 31,207, to eliminate the effects of the intercompany bond holding, will consolidated net income be

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c. As a result of the entry recorded at December 31,207, to eliminate the effects of the intercompany bond holding, will consolidated net income be increased or decreased? Complete this question by entering your answers in the tabs below. Were the bonds originally sold by the subsidiary at a premium or a discount? Were the bonds originally sold by the subsidiary at a premium or a discount

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