If a Wholly Owned Subsidiary's Net Income Was $150,000, the Subsidiary

Multiple Choice

If a wholly owned subsidiary's net income was $150,000, the subsidiary declared dividends of $80,000, and the depreciation and amortization of current fair value excess was $20,000, the parent company's intercompany investment income under the equity method of accounting is:

A) $60,000
B) $70,000
C) $100,000
D) $130,000
E) Some other amount