Pertaining to Advanced Accounting, U.S. GAAP treatment of reporting additional investments in subsidiaries, Main characteristics of variable interest entity (VIE), and Usefulnessof variable interest entity to investors:

• What if a company was worth $925,000 and XZ Company about a 50% stake in the company for $525,000, how would this transaction be recorded for XZ Company?
• If a bond is issued a premium of $106,000 and the face value was $100,000 what is the journal entry to record the issuance of this bond?

Thanks in advance!! (this was a question posted by a professor in response to a discussion topic)