3. Do the following business transactions or events of a subsidiary generally result in a nonoperating gain or loss to the parent company?

Subsidiary’s Issuance Subsidiary’s Acquisition Subsidiary’s Issuance of Unissued Common of Part of of Unissued Common Stock to Parent Minority Stockholdings Stock to Public? Company? for Treasury?

a. No No No

b. Yes Yes No

c. Yes No Yes

d. Yes Yes Yes