In a Mid-Year Purchase When the Subsidiary's Books Are Not

Multiple Choice

In a mid-year purchase when the subsidiary's books are not closed until the end of the year, the consolidated net income contains the parent's share of the

A) ​subsidiary's income earned for the entire year.
B) ​subsidiary's income earned from the beginning of the year to the date of acquisition.
C) ​subsidiary's income earned from the date of acquisition to the end of the year.
D) ​dividends received from the subsidiary during the period of ownership.