Homework Answers
Option D - $203,000
Explanation:
| Consolidated net income for pheonix and sedona for 2021 |
| Particulars | Amount in $ |
| Pheonix Revenues | $498,000 |
| Less: Pheonix Expenses | $350,000 |
| Net Income before Sedona effect | $148,000 |
| Add: 'Sedona effect' Equity income from sedona | $55,000 |
| Consolidated Net Income | $203,000 |
Therefore, Answer is option D - $203,000
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