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Huge bought 90% of the shares of Sub at $8 per share, several years ago. This year, it sells 10% of Subs stock for $9
Huge bought 90% of the shares of Sub at $8 per share, several years ago. This year, it sells 10% of Subs stock for $9 per share. Huge still has control. Which of the following statements is correct, under GAAP, for the consolidated statements?
a. | Huge will report a gain, in net income, of $1 per share sold
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b. | Huge will report a gain, in comprehensive income, of $1 per share sold
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c. | Huge will record an increase in paid-in capital of $1 per share sold
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d. | Huge will not make any entry to record this transaction.
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