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.

Question

Quizplus · Accepted Answer

The Answer of 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.

Consolidated Net Income for a Parent Company and Its Partially