Question
Issuance Discount Investment Discount Company P owns 80% of the outstanding stock of Company S. Company S. issued $100,000, 5-year, 8% bonds at 95 on
Issuance Discount Investment Discount
Company P owns 80% of the outstanding stock of Company S. Company S. issued $100,000, 5-year, 8% bonds at 95 on January 1, 2012. Interest is paid on December 31. Company P. buys the bonds from outside parties on January 1, 2013 for $90,000. what are the entries for company p for years 2013-2016
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CPA Exam Review 2020 At Least Know This Auditing And Attestation
Authors: At Least Know This
1st Edition
1706038364, 978-1706038368
