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sattari [20]
3 years ago
11

Campbell Inc. owned all of Gordon Corp. For 2013, Campbell reported net income (without consideration of its investment in Gordo

n) of $280,000 while the subsidiary reported $112,000. The subsidiary had bonds payable outstanding on January 1, 2013, with a book value of $297,000. The parent acquired the bonds on that date for $281,000. During 2013, Campbell reported interest income of $31,000 while Gordon reported interest expense of $29,000. What is consolidated net income for 2013?A. $406,000.
B. $374,000.
C. $378,000.
D. $410,000.
E. $394,000.
Business
1 answer:
grigory [225]3 years ago
4 0

Answer:

I Dont know sorry........

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