Final answer:
The student has inquired about the effect of transaction elimination on net income in a 2015 consolidation working paper. Economic concepts like consumer surplus and trade barriers are mentioned in the provided context, but these do not directly correlate with intercompany financial transactions typically addressed in consolidation. The effect on net income is not clearly defined with the given information.
Step-by-step explanation:
The student is asking about the effect of eliminating a specific transaction in a consolidation working paper on net income. The provided information seems to relate to economic concepts such as consumer surplus, producer surplus, trade barriers, and social surplus impacts due to trade.
The effect on net income could stem from intercompany transactions, where one entity sells goods or services to another entity within the same group. These intercompany transactions need to be eliminated during consolidation to prevent double counting of revenues and expenses. The precise effect on net income could be to either increase or decrease it, or have no effect at all, depending on the nature of the transaction. However, the provided data doesn't precisely relate to the financial elimination process typically described in a consolidation working paper. It suggests examples of net gains and net effects in the marketplace, which can be aligned with trade policies, not intercompany financial transactions.