PET Co owns 80 of the common shares of SAL Corp PET has no other investments Goodwill associated with the investment is nil, but there is a fair value increment of $62,500 relating to SALs patent that is being amortized over 10 years PETs and SALs reported net income for 20X5 is as follows PET Co SAL Corp Net income $200,000 $50,000 SAL declared $25,000 in dividends in 20X5 Assuming PET uses the cost method, what amount of consolidated net income attributable to the parent (ATP) would be reported in 20X5 a) $210,000 b) $215,000 c) $223,750 d) $235,000

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PET Co  owns 80  of the common shares of SAL Corp  PET has no other investments  Goodwill associated with the investment is nil, but there is a fair value increment of $62,500 relating to SALs patent that is being amortized over 10 years  PETs and SALs reported net income for 20X5 is as follows  PET Co  SAL Corp  Net income $200,000 $50,000 SAL declared $25,000 in dividends in 20X5  Assuming PET uses the cost method, what amount of consolidated net income attributable to the parent (ATP) would be reported in 20X5  a) $210,000 b) $215,000 c) $223,750 d) $235,000

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PET Co. owns 80% of the common shares of SAL Corp. PET has no other investments. Goodwill associated with the investment is nil, but there

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