Proctoring Enabled: Test #2 (0-9) 7 015736 Poodle Company owns 80 percent of the common stock of Shepherd Incorponded Poode aces some of Shess b than the carrying value on Shepherd's books and holds them as a long term investment. For consolidated resour bonds treated? Multiple Choice As a decrease in the Bonds Payable account on Shepherd's books As an increase in noncurrent assets Everything related to the bonds is eliminated in the consolidation worksheet, and nothing related to the bonds appears in the consolidated financial statements As a retirement of bonds. < Prev 7 of 15 www www Next np