Which of the Following Statements Is True Concerning an Intercompany

Multiple Choice

Which of the following statements is true concerning an intercompany transfer of a depreciable asset?

A) Noncontrolling interest in subsidiary's net income is never affected by a gain on the transfer.
B) Noncontrolling interest in subsidiary's net income is always affected by a gain on the transfer.
C) Noncontrolling interest in subsidiary's net income is affected by a downstream gain only.
D) Noncontrolling interest in subsidiary's net income is affected only when the transfer is upstream.
E) Noncontrolling interest in subsidiary's net income is increased by an upstream gain in the year of transfer.