A parent company purchased its subsidiary’s bonds from a nonaffiliate in the preceding year, and a..

 
   

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A parent company purchased its subsidiary’s bonds from a nonaffiliate in the preceding year, and a loss on bond retirement was reported in the consolidated income statement. How will income assigned to the noncontrolling interest be affected in the year following the constructive retirement?View Solution:
A parent company purchased its subsidiary s bonds from a nonaffiliate