Which of the following statements is true xoncerning and intra-entity transfer o

Question

Which of the following statements is true xoncerning and intra-entity transfer of a depreciable asset?

a.) non-controlling interest in subsidiary's net income is never affected by a gain on the transfer

b.) non-controlling interest in subsidiary's net income is always affected by a gain on the transfer

c.) non-controlling interest in subsidiary's net income is affected by a downstream gain only

d.) non-controlling interest in subsidiary's net income is affected only when the transfer is upstream

e.) non-controlling interest in subsidiary's net income is increased by an upstream gain in the year of transfer

Explanation / Answer

non-controlling interest in subsidiary's net income is affected only when the transfer is upstream

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