Which of the Following Statements Is False Regarding the Assignment

question 36

Multiple Choice

Which of the following statements is false regarding the assignment of a gain or loss when an affiliate's debt instrument is acquired on the open market?

• A) Subsidiary net income is not affected by a gain on the debt transaction.
• B) Subsidiary net income is not affected by a loss on the debt transaction.
• C) Parent Company net income is not affected by a gain on the debt transaction.
• D) Parent Company net income is not affected by a loss on the debt transaction.
• E) Consolidated net income is not affected by a gain or loss on the debt transaction.

---

Definitions:

DNA Polymerase

An enzyme that synthesizes DNA molecules from deoxyribonucleotides, the building blocks of DNA.

Watson-Crick Model

A structural model of DNA proposed by James Watson and Francis Crick, illustrating DNA as a double helix composed of two antiparallel strands.

Sugar-Phosphate

Refers to the backbone of DNA and RNA, composed of alternating sugar and phosphate groups that hold together the nucleotide bases.

Ladder

A piece of equipment consisting of a series of bars or steps between two upright lengths of wood, metal, or rope, used for climbing up or down.