If There Is a Balance in the Excess Loss Account

question 103

Short Answer

If there is a balance in the excess loss account when a subsidiary's stock is sold, the balance is recognized as
____________________ gain/income.

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Definitions:

Observable Behaviours

Actions or reactions of an individual, in a particular situation, that are visible and measurable.

Consciousness

The state or quality of awareness, or being aware of an external object or something within oneself.

John B. Watson

An American psychologist who established the psychological school of behaviorism.

Psychological Research

The systematic investigation of scientific theories and behaviors to understand or explain psychological phenomena.