Company P Owns a 90% Interest in Company S

question 3

Multiple Choice

Company P owns a 90% interest in Company S.Company S has outstanding $100,000 of 10% bonds that were sold at face value and have 6 years to maturity as of the balance sheet date.Company P owns $70,000 of the bonds and has a remaining unamortized book value of $66,000.Company S bonds will be presented on the consolidated balance sheet as

• A)​bonds payable, $30,000.
• B)​bonds payable, $34,000.
• C)​bonds payable, $100,000.
• D)​bonds payable will not appear.

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Pertaining to or following established, traditional rules or principles, especially in a social or cultural setting.

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A device or program that translates encoded data into its original format; in communication, someone who interprets the message.

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