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Tarrant Inc. owns 80% of Rockwall Corporation, and Rockwall owns 80% of Kaufman Company. During...

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Accounting

Tarrant Inc. owns 80% of Rockwall Corporation, and Rockwall owns 80% of Kaufman Company. During 2020, these companies' net incomes are as follows before any consolidations: Tarrant, $100,000 Rockwall, $68,000 Kaufman, $40,000, How much net income should Tarrant report for 2020? Question 6 options: $164,000 $180,000

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