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Husky acquires 75% of Cougar on January 1st, 2021. For the year ended December 31, 2021 Husky reports total revenues of $1 million, and Cougar
Husky acquires 75% of Cougar on January 1st, 2021. For the year ended December 31, 2021 Husky reports total revenues of $1 million, and Cougar reports $400,000. What revenue would be reported in a consolidated income statement for the year ended December 31, 2021:
answer choices:
A. $1,150,000
B. $1,050,000
C. $1,400,000
D. $1,300,000
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