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5.7 Interest expense (third-party debt)
Publication date: 28 Feb 2023
us Carve-out financial statements guide
Third-party debt issued directly by the carve-out business would be reflected in the carve-out financial statements. Accordingly, the related interest expense would be directly attributable to the carve-out business. Any discount, interest, and fees associated with the debt should also be reflected. See CO 5.9.1 for the treatment of interest expense on intercompany debt.
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