In Years Subsequent to the Year One Member of a Consolidated

question 44

Multiple Choice

In years subsequent to the year one member of a consolidated group purchases another member's outstanding bonds from outside parties, Consolidated Income Statements:​

• A)​recognize a prorated share of any gain or loss from intercompany bonds.
• B)​recognize a prorated share of any gain but would not show a share of a loss from intercompany bonds.
• C)​recognize a prorated share of any loss but would not show a share of a gain from intercompany bonds.
• D)​would not recognize any gain or loss from intercompany bonds.

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Definitions:

Emotion

An intricate mental state characterized by a personal experience, a bodily reaction, and a response shown through behavior or expression.

Stress

A physical, mental, or emotional factor that causes bodily or mental tension, which can come from any event or thought that makes you feel frustrated, angry, or nervous.

Positive Situations

Circumstances or environments that create or enhance feelings of joy, satisfaction, or overall positivity.

Facial Expressions

Visible manifestations of emotions, sensations, or intentions through movements and configurations of the muscles in the face.