A) $432,000.
B) $ -0-
C) $408,000.
D) $120,000.
E) $288,000.
Answer: B
Learning Objective: 03-03
Learning Objective: 03-04
Topic: Consolidation balances―Calculate
Topic: Consolidation balances―Understand by any method
Difficulty: 2 Medium
Blooms: Apply
AACSB: Knowledge Application
AICPA BB: Critical Thinking
AICPA FN: Measurement
Feedback: $0; (Income is eliminated from the investment account)
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