Which of the Following Statements Is False Regarding the Assignment

question 8

Multiple Choice

Which of the following statements is false regarding the assignment of a gain or loss on intercompany bond transfer?

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

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Definitions:

Loading Dock

An area of a building where goods are loaded onto and unloaded from vehicles or ships.

Properly Identified

Accurately recognized or distinguished from others based on specific characteristics or criteria.

Tender

To offer to turn goods over to a buyer.

Warehouse

A building or structure in which any goods, but particularly wares or merchandise, are stored.