8. If a parent company acquires additional shares of previously unissued common stock from its subsidiary, with minority stockholders of the subsidiary waiving their preemptive rights, a resultant gain or loss is:

a. Recognized by the parent company and eliminated in the preparation of consolidated financial statements.

b. Recognized by the parent company and not eliminated in the preparation of consolidated financial statements.

c. Recognized by the subsidiary and eliminated in the preparation of consolidated financial statements.

d. Recognized in a working paper elimination for the preparation of consolidated financial statements.