Maple Corporation and Its Subsidiary Reported Consolidated Net Income of $380,000

question 19

Multiple Choice

Maple Corporation and its subsidiary reported consolidated net income of $380,000 for the year ended December 31,20X5.Maple owns 75% of the common shares of its subsidiary,acquired at book value.Noncontrolling interest was assigned income of $25,000 in the consolidated income statement for 20X5.What is the amount of separate operating income reported by Maple for the year?

• A)$95,000
• B)$100,000
• C)$280,000
• D)$285,000