Zeta Corporation and Its Subsidiary Reported Consolidated Net Income of $320,000

question 4

Multiple Choice

Zeta Corporation and its subsidiary reported consolidated net income of $320,000 for the year ended December 31,20X8.Zeta owns 80 percent of the common shares of its subsidiary,acquired at book value.Noncontrolling interest was assigned income of $30,000 in the consolidated income statement for 20X8.What is the amount of separate operating income reported by Zeta for the year?

• A) $170,000
• B) $150,000
• C) $120,000
• D) $200,000

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