P Company Owns an 80% Interest in S Company

Multiple Choice

P Company owns an 80% interest in S Company. During 2017, S sells merchandise to P for $150,000 at a profit of $30,000. On December 31, 2017, 50% of this merchandise is included in P's inventory. Income statements for P and S are summarized below: Controlling interest in consolidated net income for 2017 is:

A) $225,000.
B) $285,000.
C) $297,000.
D) $315,000.