Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

تمرين 45

Jordan, Inc., owns Fey Corporation. For the current year, Jordan reports net income (without consideration of its investment in Fey) of $200,000 and the subsidiary reports $80,000.
The parent had a bond payable outstanding on January 1, with a book value of $212,000.
The subsidiary acquired the bond on that date for $199,000. During the current year, Jordan reported interest expense of $22,000 while Fey reported interest income of $21,000. What is consolidated net income
a. $266,000.
b. $268,000.
c. $292,000.
d. $294,000.