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O Both of these. > Question 5 2.5 pts Assume that on July 1st, the subsidiary issued a note payable to the parent, then on
O Both of these. > Question 5 2.5 pts Assume that on July 1st, the subsidiary issued a note payable to the parent, then on October 1st, the parent sold (i.e., discounted) the note to an outsider bank. What amount of interest expense related to the note should be reported on the consolidated income statement at the end of the year (December 31st)? O Interest expense from July 1st to October 1st when the note was held by the parent. Interest expense from October 1st till the end of the year when the note was held by the outsider bank Interest expense from July 1st till the end of the year. O No interest expense should be reported on the consolidated income statement. Use the following information to answer the next FOUR items
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