Answer:
$2,593,000
Explanation:
The computation of consolidated net income is shown below:-
cancellation of excess of Interest expenses over Income = Interest expense - Interest income
= $80,000 - $37,000
= $43,000
Consolidated net income = Parent company Income + Subsidiary Income + cancellation of excess of Interest expenses over Income
= $1,850,000 + $700,000 + $43,000
= $2,593,000
So, for computing the consolidated net income we simply applied the above formula.
Answer: Foreign neutrality
Explanation:
According to the given scenario, the Foreign neutrality tax policy is one of the concept that is specifically used by the Toyota motor company for operating various types of functions and operations in the environment.
The neutrality is basically used to create the various types of incentives in an organization and support the foreign taxation process and the foreign neutrality is one of the tax policy that is used for paying taxes across countries with different types of rates.
Therefore, Foreign neutrality is the correct answer.
