Consolidated Net Income Is Equal To

question 24

Multiple Choice

Consolidated Net Income is equal to:

• A) the sum of the net incomes of both the parent and its subsidiaries.
• B) the sum of the net incomes of both the parent and its subsidiaries less any inter-company dividends.
• C) the parent's net income excluding any income arising from its investment in the subsidiary.
• D) the parent's net income excluding any income arising from its investment in the Subsidiary, plus the net income of the subsidiary less the amortization of the acquisition differential and the impairment of goodwill.

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Definitions:

Shingon Buddhism

A major school of Japanese Buddhism known for its esoteric and ritualistic practices, founded by Kūkai in the 9th century.

Meditation

A practice where an individual uses a technique – such as mindfulness, or focusing the mind on a particular object, thought, or activity – to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.

Mandara

A mythical mountain in Hindu, Buddhist, and Jain cosmology, often depicted as the center of the universe.

Phoenix Hall

A building at the Byodo-in Temple in Japan, renowned for its Phoenix-like architectural composition and an important example of Heian period (794-1185) Buddhist architecture.