The income of a consolidated entity is the net income of the parent minus the parent's proportion of the subsidiary's net income.

Name: The income of a consolidated entity is the net income of the parent minus the parent's proportion of the subsidiary's net income.
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The income of a consolidated entity is the sum of the parent's net income and the subsidiary's net income. The proportionate share of the subsidiary's net income is subtracted only in equity accounting method.

The Income of a Consolidated Entity Is the Net Income