Seattle, Inc. owns an 80 percent interest in a Portuguese subsidiary. For 20X8, Seattle reported income from operations of $2.0 million. The Portuguese company's income from operations, after foreign currency translation, was $1.1 million. The foreign currency translation adjustment was $120,000 (credit). Consolidated net income and consolidated comprehensive income for the year are: Consolidated NetIncomeConsolidated Comprehensive IncomeA)$3,100,000 $3,196,000 B)$2,980,000 $3,076,000 C)$3,004,000 $3,100,000 D)$2,880,000 $2,976,000
A. Option A
B. Option B
C. Option C
D. Option D
Answer: D
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