8) On January 1, 2014, a parent company purchased 90 percent of the stock in a subsidiary. On January 1, 2010, no goodwill was recorded and the book value of the subsidiary's assets equals the market value of the subsidiary's assets. On December 31, 2014, the two companies report the following data: Parent Company Net Income for Past Year $100 million Subsidiary Company Net Income for Past Year$50 million What is the consolidated net income for the year ended December 31, 2014? A) $100 million B) $135 million C) $145 million D) $150 million 9) The section of the annual report that explains major changes in the income statement, changes in liquidity and capital resources and the impact of inflation is called the A) notes to the financial statements B) appendix to the financial statements C) internal control report D) management's discussion and analysis