Subsidiary Company S has $1,000,000 of bonds outstanding at 8% annual interest. The bonds have 10 years

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Subsidiary Company S has $1,000,000 of bonds outstanding at 8% annual interest. The bonds have 10 years to maturity. If the parent, Company P, is able to purchase the bonds at a price that reflects 6% annual interest, how will the non-controlling interest be affected in the current and future years? Your response need not be quantified.
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Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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