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 parent's share of the Net Income of the subsidiary less the amortization of the acquisition differential.

Question

Quizplus · Accepted Answer

Consolidated Net Income is the net income of a parent company and its subsidiaries combined. It is calculated by adding the parent's net income, excluding any income from subsidiary investments, to the subsidiary's net income, less any amortization of the acquisition differential. Therefore, the correct option is D.

Consolidated Net Income Is Equal to