Which of the Following Statements Is True Concerning an Intercompany

question 82

Multiple Choice

Which of the following statements is true concerning an intercompany transfer of a depreciable asset?

• A)Noncontrolling interest in subsidiary's net income is never affected by a gain on the transfer.
• B)Noncontrolling interest in subsidiary's net income is always affected by a gain on the transfer.
• C)Noncontrolling interest in subsidiary's net income is affected by a downstream gain only.
• D)Noncontrolling interest in subsidiary's net income is affected only when the transfer is upstream.
• E)Noncontrolling interest in subsidiary's net income is increased by an upstream gain in the year of transfer.

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Definitions:

Bulbourethral Gland

A small gland in males that produces a fluid to lubricate and neutralize the acidity of the urethra prior to ejaculation.

Prostate Gland

A gland in the male reproductive system that surrounds part of the urethra and produces a fluid that forms part of semen.

Seminal Vesicle

Glands that produce a significant portion of the fluid that becomes part of semen, which nourishes and helps transport sperm.

Impotence

A disorder in which a male cannot maintain an erect penis to complete sexual intercourse; also called erectile dysfunction.