Business Faculty Publications

Title

Recognizing a Parent and Subsidiary Gain or Loss in Indirect Intercompany Bond Transactions

Document Type

Article

Publication Date

1-1-2017

Publication Title

International Research Journal of Applied Finance

Disciplines

Accounting | Business | Finance and Financial Management

Abstract

Through this research, we will investigate 1) indirect inter-company debt transactions between a parent company and its subsidiary, 2) the proper way to reflect these transactions
in consolidated financial statements, and 3) four different ways of allocating a gain or loss from a retired debt resulting from indirect inter-company transactions. In particular, a bond will be used as an example for debt transactions throughout. Through this research, we will
look for logical ways to account for these issues in the hope of providing accurate information to generate more objective and meaningful consolidated financial statements.

Volume

8

Issue

1

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