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.

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Definitions:

Executive Committee

A group of high-ranking officials within an organization or board responsible for decision-making and policy implementation.

Union Democracy

The practice and principle of democratic governance within labor unions, including elections for leadership and decision-making by membership.

Change To Win

A federation of American labor unions that split from the AFL-CIO in 2005 to focus on union revitalization and organizing.

National Union

A labor union organization that represents the interests of workers across an entire country, often consisting of many local branches or sectors.