Unformatted text preview: $22,000 while Fey reported interest income of $21,000. What is the consolidated net income? a) $266,000 b) $268,000 c) $292,000 d) $294,000 Total income= 200000+80000=280000 280000-13000(discount on bonds)- 1000(interest expenses)= 266000 Since 21000 is the expense for parent but the income for subsidiary , so it is not considered....
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This note was uploaded on 02/21/2012 for the course ACT 492 taught by Professor Ngo during the Fall '11 term at Colorado.
- Fall '11