_____ On 6/1/06, Silo, a 90%-owned subsidiary of Pilo, issued 20,000 shares of its $1 par value common stock to the public for $600,000. Silo had 100,000 shares outstanding and having a total book value of $2,000,000 just prior to this issuance. As a result of this issuance, the amount the parent would report in its 2006 income statement under the parent company concept is:
A) -0-.
B) Loss of $150,000.
C) Loss of $180,000.
D) Gain of $150,000.
E) Gain of $180,000.

Question

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The Answer of _____ On 6/1/06, Silo, a 90%-owned subsidiary of Pilo, issued 20,000 shares of its $1 par value common stock to the public for $600,000. Silo had 100,000 shares outstanding and having a total book value of $2,000,000 just prior to this issuance. As a result of this issuance, the amount the parent would report in its 2006 income statement under the parent company concept is:
A) -0-.
B) Loss of $150,000.
C) Loss of $180,000.
D) Gain of $150,000.
E) Gain of $180,000.

_____ on 6/1/06, Silo, a 90%-Owned Subsidiary of Pilo, Issued