A Parent Sold Land to Its Partially Owned Subsidiary During

Multiple Choice

A parent sold land to its partially owned subsidiary during the year at a loss.The subsidiary continues to hold the land at the end of the year.The amount to be reported as consolidated net income for the year should equal:

A) the parent's separate operating income,plus the intercompany loss.
B) the parent's separate operating income,plus the intercompany loss,plus the subsidiary's net income.
C) the parent's separate operating income,minus the intercompany loss.
D) the parent's separate operating income,minus the intercompany loss,plus the subsidiary's net income.