Which ONE of the following statements is FALSE? If a parent loses control but maintains a noncontrolling equity interest in a former subsidiary, it must recognize a gain or loss for the difference between (1) the sum of any proceeds received by the parent and the fair value of the remaining equity in the former subsidiary and (2) the carrying amount of the parent's total interest in the subsidiary. Comprehensive income equals the difference between net income and accumulated other comprehensive income. Two reasons a parent may no longer control a subsidiary are (1) the parent enters into an agreement to relinquish control and42) the subsidiary comes under the control of a government or other regulator