When a 90 percent-owned subsidiary records a gain on the sale of land to an affiliate during the current period and the land is not resold before the end of the period:

a. Consolidated net income will be increased by the full amount of the gain.

b. The full amount of the unrealized gain will be excluded from income assigned to noncontrolling interest.

c. A proportionate share of the unrealized gain will be excluded from income assigned to noncontrolling interest.