Answer:
c. Both I and II
Step-by-step explanation:
Full question is as written below
A loss on the constructive retirement of a parent's bonds by a subsidiary is effectively recognized in the individual accounting records of the parent and its subsidiary:
I. at the date of constructive retirement.
II. over the remaining term of the bonds.
Options are: 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 by a subsidiary is effectively recognized in the individual accounting records of the parent and its subsidiary at the date of constructive retirement and over the remaining term of the bonds.