Poodle Company owns 80 percent of the common stock of Shepherd Incorporated Poodle acquires some...
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Accounting
Poodle Company owns percent of the common stock of Shepherd Incorporated Poodle acquires some of Shepherd's bonds from an unrelated party for less than the carrying value on Shepherd's books and holds them as a longterm investment. For consolidated reporting purposes, how is the acquisition of Shepherd's bonds treated?
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