-What amount should be reported for consolidated net income?
A) $1,285,000.
B) $1,331,700.
C) $1,349,000.
D) $1,315,000.
E) $1,314,900.

Name: -What amount should be reported for consolidated net income? A) $1,285,000. B) $1,331,700. C) $1,349,000. D) $1,315,000. E) $1,314,900.
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Question

-What amount should be reported for consolidated net income?
A) $1,285,000. 
B) $1,331,700. 
C) $1,349,000. 
D) $1,315,000. 
E) $1,314,900.

Quizplus · Accepted Answer

Consolidated net income is calculated by combining the net income of the parent company and its subsidiaries, adjusting for any intercompany transactions and minority interests. The correct amount is $1,349,000.

-What Amount Should Be Reported for Consolidated Net Income