為了幫助各位即將參加2015年USCPA（美國注冊會(huì)計(jì)師）考試的考生更好地復(fù)習(xí)及備考，高頓網(wǎng)校小編在此準(zhǔn)備以下關(guān)于“公司內(nèi)部交易”的模擬試題，你會(huì)做了嗎？
　　Sun, Inc. is a wholly-owned subsidiary of Patton, Inc. On June 1, Year 1, Patton declared and paid a $1 per share cash dividend to stockholders of record on May 15, Year 1. On May 1, Year 1, Sun bought 10,000 shares of Patton's common stock for $700,000 on the open market, when the book value per share was $30. What amount of gain should Patton report from this transaction in its consolidated income statement for the year ended December 31, Year 1?
　　a. $410,000
　　b. $390,000
　　c. $400,000
　　d. $0
　　Explanation
　　Choice "d" is correct, $0 gain from the purchase of Patton's (parent) stock by Sun (subsidiary). The purchase by the member of a consolidated group of stock of another member of the consolidated group is treated as a treasury stock transaction. This follows the theory of consolidated financial statements presenting one economic entity. (You cannot make money selling stock to yourself.)
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