On january 1, 2018, riley corp. acquired some of the outstanding bonds of one of its subsidiaries. the bonds had a carrying value of $421,620, and riley paid $401,937 for them. how should you account for the difference between the carrying value and the purchase price in the consolidated financial statements for 2018?
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On january 1, 2018, riley corp. acquired some of the outstanding bonds of one of its subsidiaries. t...
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