Ute Corporation owns 85 percent of Duck Corporation's voting shares. On January 1, 20X8, Ute Corporation loaned $200,000 at 8 percent to Duck.   During the year Duck paid $10,000 of interest and zero payments to the principle of the loan Based on the information given above, how much interest income will be reflected on the Consolidated Financial Statements at 12/31/20X8? Group of answer choices $0 $16,000 $10,000 $6,000

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.