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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.
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