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OnJanuary1,2010parentlendsits60%ownedsubsidiary$2,000,000at10%annualinterest.A.Howmuchinterestincomeisrecordedbytheparentin2010.B.Howmuchinterestexpenseisrecordedbythesubsidiaryin2010. C. How much is consolidated interest income. D. How much is consolidation interest expense. E. How much is consolidation loan receivable. F. How much
- OnJanuary1,2010parentlendsits60%ownedsubsidiary$2,000,000at10%annualinterest.A.Howmuchinterestincomeisrecordedbytheparentin2010.B.Howmuchinterestexpenseisrecordedbythesubsidiaryin2010. C. How much is consolidated interest income. D. How much is consolidation interest expense. E. How much is consolidation loan receivable. F. How much is consolidated loan payable.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
3rd edition
78025427, 978-0077736460, 007773646X, 978-0078025426
