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Why are bonds treated as retired during the consolidation process? What theoretical justification is used to support this accounting treatment? Please justify your answer, from

Why are bonds treated as retired during the consolidation process? What theoretical justification is used to support this accounting treatment?

Please justify your answer, from a practical and also theoretical standpoint.

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Practical Justification for Treating Bonds as Retired in Consolidation 1 Simplified Reporting Elimination of Intercompany Balances When a parent company consolidates its financial statements with its ... blur-text-image

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