Multiple Choice
Yukon Electrical Company owns all of the stock of Simmons Corporation and 80% of the stock of I-Tek Corporation.In 2017,Yukon earned net income of $450,000,Simmons earned $120,000,and I-Tek earned $180,000.Yukon's consolidated income statement would report consolidated net income of:
A) $450,000
B) $570,000
C) $750,000
D) $714,000
Correct Answer:
Verified
Correct Answer:
Verified
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