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Business, 25.11.2020 02:00 jose477

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.

a. I
b. II
c. Both I and II
d. Neither I nor II

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Answers: 1

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