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Question 24 2.5 pts Lopez Company owns 90% of the common stock of Nguyen Company. During 2019. Nguyen company issued a $10,000, 2 year note
Question 24 2.5 pts Lopez Company owns 90% of the common stock of Nguyen Company. During 2019. Nguyen company issued a $10,000, 2 year note payable to Lopez Company. Afterwards, Lopez Company discounted (i.e., sold) the note at an outsider bank. Which of the following accounts related to the note will be shown on the consolidated financial statements for 2019? O Interest Payable O Interest Revenue All of these O Notes Receiva Question 25, 3 pts Silver Moon Company owns 70% of the common stock of Bright Star Company. At the beginning of 2018, Bright Star issued $200,000 of 8 percent 10-year bonds at face value. Interest is payable on December 31 each year. At the beginning of 2020, Silver Moon purchased 60 percent of Bright Star's bonds from outsiders for $128,000. How much interest revenue on these bonds will Silver Moon record in its own books for 2020
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