Parent Corporation acquired some of its subsidiary's bonds on the bond market.The remaining life of the bonds was eight years,and Parent expected to hold the bonds for the full eight years.How should the acquisition of the bonds have been viewed in the consolidation process?

Question

Quizplus · Accepted Answer

The Answer of Parent Corporation acquired some of its subsidiary's bonds on the bond market.The remaining life of the bonds was eight years,and Parent expected to hold the bonds for the full eight years.How should the acquisition of the bonds have been viewed in the consolidation process?

Parent Corporation Acquired Some of Its Subsidiary's Bonds on the Bond