In consolidated financial statements, it is expected that:
A)Dividends declared equals the sum of the total parent company's declared dividends and the total subsidiary's declared dividends.
B)Retained Earnings equals the sum of the controlling interest's separate retained earnings and the non-controlling interest's separate retained earnings.
C)Common Stock equals the sum of the parent company's outstanding shares and the subsidiary's outstanding shares.
D)Consolidated Net Income equals the sum of the income distributed to the controlling interest and the income distributed to the non-controlling interest.

Question

In consolidated financial statements, it is expected that:
A)​Dividends declared equals the sum of the total parent company's declared dividends and the total subsidiary's declared dividends.
B)​Retained Earnings equals the sum of the controlling interest's separate retained earnings and the non-controlling interest's separate retained earnings.
C)​Common Stock equals the sum of the parent company's outstanding shares and the subsidiary's outstanding shares.
D)​Consolidated Net Income equals the sum of the income distributed to the controlling interest and the income distributed to the non-controlling interest.

Quizplus · Accepted Answer

Consolidated Net Income is the total income of the parent and its subsidiaries, which includes income attributable to both the controlling and non-controlling interests.

In Consolidated Financial Statements, It Is Expected That