+ rafid.bu.edu.sa/webapps/assessment/take/launch.jsp?course_assessment id=44475_1&course_id=_96256_1&content id=_1224783_1aste : 34 22 () : 24 019 18 17 16 15 14 13 12 11 10 9 1 San industries owns 70 percent of the outstanding shares of Salem company. The remaining 30 percent outstanding common shares of Salem company are held by Sub Insurance company, on San industries consolidated financial statements, Sub Insurance company is considered to: An investee a An associated company bo An affiliated company None of the above.do 5 Pan Cornoration nurchases on nercent of salt rrnoration's outstanding votinn common stock for 32000 on Ianuary 1.2011. On this date nan common stock 200000 shares and sad common stock 20000 shares. Net income of Pan frommon stock 155.000. Sad rennrts 60000 net income and realized net income 50.000. Assume that Sad's preferred stock is convertible in to 10000 shares of Sad's common stock, The Pan's diluted earnings is 110000