_____ In intercompany bond holdings in which the issuing company has a discount and the acquiring company has a discount, the following is reported in the consolidated income statement in the year of the bond acquisition:
A) Always a gain.
B) Always a loss.
C) A gain only if the applicable share of the unamortized discount exceeds the acquiring company's discount.
D) A loss only if the applicable share of the unamortized discount exceeds the acquiring company's discount.
E) None of the above.
Correct Answer:
Verified
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