Q:

How to figure gain on retirement of bond. Parent issues bond for 10M at 1.06. Sub buys 40% at 96.6

belongs to book: ADVANCED ACCOUNTING|Debra C.jeter, Paul K.Chaney|7th edition| Chapter number:6| Question number:5

Ibrahimhamm

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2022-07-06

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Ibrahimhamm

2022-07-06

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4,00,000 x .966 = 3,864,000.
4,000,000 - 3,864,000 = 136,000
136,000 / 17 = 8,000/yr

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