Association of two or more persons to carry on, as co-owners, a business for profit is known as:

a. Limited liability Partnership.

b. Corporation.

c. Parent company.

d. Proprietorship firm.

Pino Corporation owned a 90% interest in a subsidiary, Sino Company, which was accounted for by the equity method, During 2020, Pino had income exclusive of intercompany investment income, of $290,000, Pino share in Sino net income $240,000. Sino declared and paid a $80,000 dividend during Year 2020. There were no differences between the current fair values and carrying amounts of Sinos identifiable net assets on the date of the business combination, and there was no goodwill in the business combination. the consolidated net income of Pino Corporation and subsidiary for 2020 is:

a. $ 320,000.

b. $ 530,000.

c. $ 506,000.

d. $ 450,000.