A parent's consolidated net income which includes it's fully and partially owned subsidiaries is best described as:
A)Net income recorded by the parent
B)Net income reported by both the parent and subsidiaries.
C)Net income reported by the parent and it's share of net income of subsidiaries
D)Income for both the parent and subsidiaries resulting from transactions with third parties.

Question

Quizplus · Accepted Answer

The Answer of A parent's consolidated net income which includes it's fully and partially owned subsidiaries is best described as:
A)Net income recorded by the parent
B)Net income reported by both the parent and subsidiaries.
C)Net income reported by the parent and it's share of net income of subsidiaries
D)Income for both the parent and subsidiaries resulting from transactions with third parties.

A Parent's Consolidated Net Income Which Includes It's Fully and Partially