A Corporation Had Net Income of $50,000 in 2012 and $60,000

Multiple Choice

A Corporation had net income of $50,000 in 2012 and $60,000 in 2013, excluding any income from its investment in B Company. B Company had net income of $30,000 in 2012 and $40,000 in 2013. On January 1, 2013, A Corporation acquired all of the outstanding common shares of B Company for a cash payment of $300,000. Assume that there was no acquisition differential on this business combination. What net income would A Corporation report for 2012 in its comparative consolidated financial statements at the end of 2013?

A) $30,000.
B) $50,000.
C) $80,000.
D) $100,000.