1. In Year 1, Giant bought 9 million shares of the stock of Tiny for $10 per share. Tiny had a total of 10 million shares, so there were 1 million held by noncontrolling shareholders. In Year 2, Giant sold 100,000 shares for $12 per share, when the carrying amount on its books was $10.50 per share) resulting in a gain of $150,000. Gian still has control. In consolidation, where is this gain shown?
   1. In net income, as a realized gain
   2. In other comprehensive income, as an unrealized gain
   3. As additional paid-in capital, similar to the way treasury stock transactions are treated
2. In Year 1, Giant bought 9 million shares of the stock of Tiny for $10 per share. Tiny had a total of 10 million shares, so there were 1 million held by noncontrolling shareholders. In Year 2, Giant sold 8,000,000 shares for $12 per share, at a time when the carrying amount on the books was $10..50 per share) resulting in a gain of $12,000,000. Giant no longer has control. In consolidation, where is this gain shown?
   1. In net income, as a realized gain
   2. In other comprehensive income, as an unrealized gain
   3. As additional paid-in capital, similar to the way treasury stock transactions are treated
   4. As a reduction to common stock at par.