Multiple Choice
Peta Corporation and its subsidiary reported consolidated net income of $320,000 for the year ended December 31,20X8.Peta owns 80 percent of the common shares of its subsidiary,acquired at book value.Noncontrolling interest was assigned income of $30,000 in the consolidated income statement for 20X8.What is the amount of separate operating income reported by Peta for the year?
A) $170,000
B) $150,000
C) $120,000
D) $200,000
Correct Answer:
Verified
Correct Answer:
Verified
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