Question $3$:

In the equity method, if the subsidiary's net income is $$1,000,000,$ and the parent company owns $60\%$ of the subsidiary, what is the parent's share of the net income?

A$)$ $$600,000$

B$)$ $$400,000$

C$)$ $$700,000$

D$)$ $$800,000$

Question $4$:

In the fair value method, if the fair value adjustment for noncontrolling interests at the acquisition date is $$50,000,$ what is the total fair value of noncontrolling interests?

A$)$ $$25,000$

B$)$ $$30,000$

C$)$ $$50,000$

D$)$ $$75,000$