Chapter 7, Problem 19P

a)

To determine

Concept Introduction:

When a company has two or more subsidiaries, if it maintains a single income statement with all the subsidiaries, then it is called a consolidated income statement. it's a part of the consolidated financial statement. It is a report that compiles all of a parent company's and subsidiary's actions into one document.

The amount that appears in each line in the consolidated financial statements.

b)

To determine

Concept Introduction:

When a company has two or more subsidiaries, if it maintains a single income statement with all the subsidiaries, then it is called a consolidated income statement. It’s a part of the consolidated financial statement. It is a report that compiles all of a parent company's and subsidiary's actions into one document.

:

The income tax expenses that will appear on the consolidated income statements if the company files a separate return.