Park Corporation acquired the voting stock of Sequoia Company on January 1, 2020 for $25 million in cash and stock. At the date of acquisition, Sequoia's book value totaled $3 million, consisting of $1.6 million in capital stock, $1.8 million in retained earnings, and $400,000 in accumulated other comprehensive losses. Sequoia's reported net assets at the date of acquisition were carried at amounts approximating fair value, except its inventory was overvalued by $500,000 (sold in 2020), its plant assets (10-year life, straight-line) were overvalued by $3,500,000, and its long-term debt (premium amortized over 10 years, straight-line) is undervalued by $100,000. Sequoia also had previously unreported identifiable intangibles (5-year life, straight-line) valued at $5,000,000. It is now December 31, 2020. Sequoia reports net income of $1,200,000 and other comprehensive income of $50,000 for 2020 and declares and pays dividends of $200,000. None of the revaluations are impaired in 2020. Park uses the complete equity method to account for its investment. Park's beginning balance of accumulated other comprehensive income is $175,000, and it reports $250,000 in other comprehensive income for 2020 on its own books. The balance for accumulated other comprehensive income on the December 31, 2020 consolidated balance sheet is:

	A.	$825,000
	B.	$475,000
	C.	$425,000
	D.	$ 25,000

If the parent company uses the complete equity method when accounting for its wholly-owned subsidiary on its own books:

	A.	The parent's comprehensive income equals consolidated comprehensive income.
	B.	The parent's net income equals consolidated comprehensive income.
	C.	The parent's comprehensive income equals consolidated net income.
	D.	The subsidiary's comprehensive income equals consolidated comprehensive income.

A parent sells land to its 80%-owned subsidiary at a gain of $100,000. The following year, the subsidiary sells the land to an outside entity for a gain of $10,000. How is the noncontrolling interest in net income affected in the year the subsidiary sells the land?

	A.	Increase of $20,000
	B.	No effect
	C.	Decrease of $22,000
	D.	Decrease of $2,000