QUESTION 16

1. 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
   	b.	Huge will report a gain, in comprehensive income, of $1 per share sold
   	c.	Huge will record an increase in paid-in capital of $1 per share sold
   	d.	Huge will not make any entry to record this transaction.