Parent Company has separate net income of $155,000. Subsidiary A, of which Parent owns 90 percent, reports

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Parent Company has separate net income of $155,000.

Subsidiary A, of which Parent owns 90 percent, reports net income of $60,000, and Subsidiary B, of which Parent owns 60 percent, reports net income of $80,000. What is Parent Company’s consolidated net income? (p. 696)

a. $155,000

c. $263,000

b. $257,000

d. $295,000

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Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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Question Posted: Jun 10, 2024 01:25 AM

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Parent Company has separate net income of $155,000. Subsidiary A, of which Parent owns 90 percent, reports

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Financial Accounting

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