Alpha Purchased an 80% Interest in Beta on June 30

Multiple Choice

Alpha purchased an 80% interest in Beta on June 30, 2016.Both Alpha's and Beta's reporting periods end December 31.Which of the following represents the controlling interest in consolidated net income for 2016?

A) ​100% of Alpha's July 1-December 31 income plus 80% of Beta's July 1-December 31 income
B) ​100% of Alpha's July 1-December 31 income plus 100% of Beta's July 1-December 31 income
C) ​100% of Alpha's January 1-December 31 income plus 80% of Beta's July 1-December 31 income
D) ​100% of Alpha's January 1-December 31 income plus 80% of Beta's January 1-December 31 income