13. If P invests in Ss preferred stock, how is the difference between Implied Value and Book Value handled?

a. Allocated among Ss noncurrent assets

b. Allocated among Ps noncurrent assets

c. Deducted from Ps other contributed capital, with an adjustment to NCI

d. Deducted from Ss other contributed capital, with an adjustment to NCI

14. How is reciprocity established for preferred stock?

a. Preferreds share of Ss ending RE preferreds share of RE at acq. Ps % ownership

b. Preferreds share of Ss ending RE preferreds share of RE at acq. noncontrolling %

c. Preferreds share of Ss ending RE total RE at acq. Ps % ownership

d. Preferreds share of Ss ending RE total RE at acq Ss % ownership

15. What is the controlling interest in consolidated net income?

a. Ps independent income + Ps share of S total income

b. Ps independent income + other adjustments + Ps share of Ss income assigned to preferred + Ps share of Ss income assigned to common

c. Ps independent income + other adjustments + Ps share of Ss income assigned to preferred + Ps share of Ss total income

d. Ps independent income + other adjustments + Ss total income