Kings Has a 40% Joint Operation Interest in Fisher A)$0
B)$160
C)$400
D)$710

Kings has a 40% joint operation interest in Fisher. Based on the following information, what amount will be presented for "income from Fisher" on Kings' proportionately consolidated income statement? $$\begin{array} { | l | r | r | } \hline & \text { Kings } & \text { Fisher } \\\hline \text { Revenue } & \$ 1,000 & \$ 2,000 \\\hline \text { Income from Fisher } & 160 & \\\hline \text { Expenses } & 450 & 1,600 \\\hline \text { Net income } & 710 & 400 \\\hline\end{array}$$

A) $0
B) $160
C) $400
D) $710

Correct Answer:

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