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What is the journal entry to record the issuance of bond

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Question

Pertaining to Advanced Accounting, U.S. GAAP treatment of reporting additional investments in subsidiaries, Main characteristics of variable interest entity (VIE), and Usefulness of variable interest entity to investors:

What if a company was worth $925,000 and XZ Company about a 50% stake in the company for $525,000, how would this transaction be recorded for XZ Company?

If a bond is issued a premium of $106,000 and the face value was $100,000 what is the journal entry to record the issuance of this bond?

Reference no: EM132317550

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