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.

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Definitions:

Nervous System

An extensive network of neurons and supporting tissues that processes information in the body through electrical and chemical signals.

Coagulation

The action or process of a liquid, especially blood, changing to a solid or semi-solid state.

Platelets

Small, disk-shaped cell fragments in the blood that are essential for blood clotting.

Megakaryocytes

Large bone marrow cells responsible for the production of blood thrombocytes (platelets).