Interest on Loan

This topic has 1 reply, 2 voices, and was last updated 13 years ago by sarmadkhalid45.

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November 28, 2012 at 4:54 pm #55882
umairji
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- Topics: 3
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Hi all,
I have a question relating to consolidation. If a parent has invested in subsidiary’s loan stock of $600000 @10% & has not accounted for the interest recievable what would the adjustment??? the subsidiary’s balance sheet shows the accrued interest of $25000 the total loan stock issued by the sub is $1000000 can someone help??
December 2, 2012 at 1:17 pm #109129
sarmadkhalid45
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- Topics: 8
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Dear ,
clear one thing, parent acquire these loan notes or issue these loan note?
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