Consolidated net income is equal to:

Question 16Select one:

a.

the parent's net income excluding any income arising from its investment in the subsidiary, plus the net income of the subsidiary adjusted for changes in the acquisition differential., excluding goodwill

b.

the sum of the net incomes of both the parent and its subsidiaries less any inter-company dividends.

c.

investment in the subsidiary, plus the net income of the subsidiary adjusted for changes in the acquisition differential, including goodwill.

d.

the parent's net income excluding any income arising from its investment in the subsidiary.