Technical practice aid questions released on parent financial statements, accounting for purchased loans.

Three Technical Practice Aid Qs&As were issued recently by AICPA staff. One is on parent-company-only financial statements and their relationship to generally accepted accounting principles. Two others provide implementation guidance on Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer. The Qs&As on accounting for certain loans provide examples of how...