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On 12/31/2019, a parent company purchased the bonds of its subsidiary from the bondholders of the subsidiary for $102,000 cash. The carrying value of the
On 12/31/2019, a parent company purchased the bonds of its subsidiary from the bondholders of the subsidiary for $102,000 cash. The carrying value of the bonds on the general ledger of the subsidiary was $107,000. What amounts will appear on the parent's consolidated balance sheet for 2019? Investment Bonds A) In Bonds Payable $107,000 $102,000 Investment Bonds B) In Bonds Payable $102,000 $107,000 Investment Bonds C) In Bonds Payable $102,000 $0 Investment Bonds D) In Bonds Payable $0 $107,000 Investment Bonds E) In Bonds Payable $0 $0
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