Small town retail owns 70% of Supplier Corporation’s common stock. For the current financial year, small town supplier reported sales of $450,000 and $300,000 and expenses of $290,000 and $240,000. Based on the preceding information, what is the amount of net income to be reported in the consolidated income statement for the year under the parent company theory approach

Consolidated income statement

                                                          $

Sales (450,000 + 300,000)          750,000

Expenses ( 290,000 +240,000)   530,000

Net Income                                     220,000

Explanation:

The net income to be reported in the consolidated income statement is $220,000 which is total net income of both companies

i guess you could put raise the economic balance

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.