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    Advanced Accounting Concepts and Practice
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    Exam 9: Intercompany Inventory Transfers
  5. Question
    For the Year Ended 12/31/06, Selected Line Items from the Home
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For the Year Ended 12/31/06, Selected Line Items from the Home

Question 2

Question 2

Multiple Choice

For the year ended 12/31/06, selected line items from the home office and branch columns of the combining statement worksheet follow:
For the year ended 12/31/06, selected line items from the home office and branch columns of the combining statement worksheet follow:   What is the combined net income as reported in the combined column? A)  $150,000 B)  $160,000 C)  $180,000 D)  $204,000 E)  $210,000 What is the combined net income as reported in the combined column?


A) $150,000
B) $160,000
C) $180,000
D) $204,000
E) $210,000

Correct Answer:

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