Aparent company buys bonds on the open market that had been previously issued by its subsidiary. the price paid by the parent is less than the book value of the bonds on the subsidiary’s records. how should the parent report the difference between the price paid and the book value of the bonds on its consolidated financial statements?
a) as a loss on retirement of the bondsb) as a gain on retirement of the bondsc) as an increase to interest expense over the remaining life of the bondsd) because the bonds now represent intra-entity debt, the difference is not reported.

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.