A loss on the constructive retirement of a parent's bonds by a subsidiary is effectively recognized in the accounting records of the parent and its subsidiary:
I.at the date of constructive retirement.
II.over the remaining term of the bonds.
A)I
B)II
C)Both I and II
D)Neither I nor II

Question

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The Answer of A loss on the constructive retirement of a parent's bonds by a subsidiary is effectively recognized in the accounting records of the parent and its subsidiary:
I.at the date of constructive retirement.
II.over the remaining term of the bonds.
A)I
B)II
C)Both I and II
D)Neither I nor II

A Loss on the Constructive Retirement of a Parent's Bonds