b. The net income of Stallward, Inc., for the nine months ended September 30, 2017, is $25,000. c. The price paid by the parent on January 1, 2017, to achieve control is considered to be a bargain and...

b. The net income of Stallward, Inc., for the nine months ended September 30, 2017, is $25,000.

c. The price paid by the parent on January 1, 2017, to achieve control is considered to be a bargain and will result in a gain (only for the parent).

d. On September 30, 2017, Away Company loans its subsidiary $100,000 on a 1-year, 12% note. Interest and principal are payable in quarterly installments beginning December 31, 2017. The December 31, 2017, payment is made by Stallward but is not received by Away. Away Company has no other notes receivable outstanding.