A loss on the constructive retirement of a parent's bonds by a subsidiary is effectively recognized in the individual accounting records of the parent and its subsidiary:

c. Both I and II

Explanation:

Full question is as written below

A loss on the constructive retirement of a parent's bonds by a subsidiary is effectively recognized in the individual accounting records of the parent and its subsidiary:

I. at the date of constructive retirement.

II. over the remaining term of the bonds.

Options are: a. I , b. II, c. Both I and II, d. Neither I nor II

A loss on the constructive retirement of a parent's bonds by a subsidiary is effectively recognized in the individual accounting records of the parent and its subsidiary at the date of constructive retirement and over the remaining term of the bonds.

answer; /// i do believe the correct answer is (30,000);

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