Unformatted text preview: been reported with further no interest being recorded as. Actually every company may continue in maintaining such bonds in its individual financial records. And also, however the discounts or the premiums have been possibly to be present, both of those account balances, and also interest income or the expense may change from the period to period due to the amortization. For the purposes of reporting, all the individual accounts should have been eliminated with a gain or loss which has been reported so that events have been shown from a point of view of a consolidated entity....
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- Fall '11
- Accounting, Generally Accepted Accounting Principles, Subsidiary, Parent company