A Subsidiary Has Outstanding $100,000 of 8% Bonds That Were

question 40

Multiple Choice

A subsidiary has outstanding $100,000 of 8% bonds that were issued at face value.The parent purchased all the bonds for $96,000 with 5 years remaining to maturity.How will the parent's use of the effective interest amortization rather than straight-line amortization of the discount affect the consolidated financial statements?

• A)​The consolidated financial statements report the same information whether the parent uses straight-line or effective interest amortization on its investment in sub's bonds.
• B)​Will result in a different gain on retirement
• C)​Will result in more interest expense in the first year after the intercompany purchase.
• D)​Will result in less interest expense in the first year after the intercompany purchase.

Recognize misconceptions and truths about mental health definitions according to WHO.

Describe various states of consciousness and mental conditions.

Understand therapeutic methods and their applications in psychology.

Distinguish between true and false statements regarding mental health treatments and characteristics.

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