If a gain or a loss is realized by a parent company as a result of the

Question:

If a gain or a loss is realized by a parent company as a result of the sale of a portion of the investment in a subsidiary, should the gain or loss be eliminated in the preparation of the ? Explain.
Consolidated Income Statement
When talking about the group financial statements the consolidated financial statements include Consolidated Income Statement that a parent must prepare among other sets of consolidated financial statements. Consolidated Income statement that is...