Which of the following statements are true or false regarding the assignment of a gain or loss on intercompany bond transfer?

a) Subsidiary net income is not affected by a loss on bond transaction.

b) Consolidated net income is not affected by a gain or loss on bond transaction.

c) Parent Company net income is not affected by a loss on bond transaction.

d) Parent Company net income is not affected by a gain on bond transaction.

e) Subsidiary net income is not affected by a gain on bond transaction.