Answer 2&3

2- Jalal subsidiary corporation purchase goods from Rami subsidiary corporation cost $50,000. What is the type of this transaction? Why? (2.5 Points) 3- Calculate the Parent company from the subsidiary's net income if a 90%-owned subsidiary; purchased a land from parent Company at selling price $100,000, (cost of land $80,000). During the next year, the subsidiary Company sold the land at $110,000. Net income for subsidiary Company for 2 years was: $50,000; and $40,000, respectively. (2.5 Points)