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Question 1 (1 point) If a parent company borrows money at an interest rate of six percent from its subsidiary, what effect (if any) will

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Question 1 (1 point) If a parent company borrows money at an interest rate of six percent from its subsidiary, what effect (if any) will this have on the non-controlling interest? This would have no effect on the non-controlling interest. The subsidiary would book its pro-rata share of any interest revenue. The non-controlling interest balance would be reduced by the amount of the loan. The subsidiary would record any interest revenue as an extraordinary gain

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