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Provided are the consolidated trial balances of a parent and its less-than-wholly-owned subsidiary. Account Dr (Cr) Current assets $ 5,000 Property, net 105,000 Intangible assets,

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Provided are the consolidated trial balances of a parent and its less-than-wholly-owned subsidiary. Account Dr (Cr) Current assets $ 5,000 Property, net 105,000 Intangible assets, net 10,000 Goodwill 80,000 Liabilities (162,405) Capital stock (10,000) Retained earnings, beginning (15,000) Accumulated other comprehensive income, beginning (200) Noncontrolling interest (2,500) Dividends 1,006 Sales revenue (400,000) Cost of sales and operating expenses 390,000 Other comprehensive income (1,000) Noncontrolling interest in net income 100 Noncontrolling interest in other comprehensive income 5 Total $ 0 On the consolidated statement of income and comprehensive income, consolidated net income for the year is: Select one: O a. $10,895 O b. $10,000 O c. $11,000 O d. $11,105

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