Consolidated Net Income for a Parent Company and Its Partially

question 15

Multiple Choice

Consolidated net income for a parent company and its partially owned subsidiary is best defined as the parent company's:

• A) recorded net income.
• B) recorded net income plus the subsidiary's recorded net income.
• C) recorded net income plus the its share of the subsidiary's recorded net income.
• D) income from independent operations plus subsidiary's income resulting from transactions with outside parties.