The Consolidated Income Statement Shows

The consolidated income statement shows

A) all of the parent's and the subsidiary's revenues less all of the parent's and the subsidiary's expenses, plus or minus intercompany sales, expenses, gains, and losses, which equals consolidated income.
B) The consolidated income statement shows the portion of this consolidated income to which the noncontrolling shareholders have a claim, typically an amount equal to the subsidiary's net income multiplied by the noncontrolling shareholders' ownership percentage.
C) The consolidated income statement shows the portion of this consolidated income to which the parent company shareholders have a claim.
D) all of the above
E) none of the above