Which of the Following Statements Is False Regarding the Assignment

Multiple Choice

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

A) Subsidiary net income is not affected by a gain on bond transaction.
B) Subsidiary net income is not affected by a loss on bond transaction.
C) Parent Company net income is not affected by a gain on bond transaction.
D) Parent Company net income is not affected by a loss on bond transaction.
E) Consolidated net income is not affected by a gain or loss on bond transaction.