_____ for 2006, Pyna Reported $500,000 of Net Income from Its

Multiple Choice

_____ For 2006, Pyna reported $500,000 of net income from its own separate operations. This amount excludes income relating to Syna, its 80%-owned created subsidiary, which reported $100,000 of net income and declared $55,000 of dividends in 2006. What is the consolidated net income under the parent company concept?

A) $536,000
B) $544,000
C) $580,000
D) $600,000
E) $644,000