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Assuming There Are No Excess Amortizations Associated with the Consolidation

Question 6

Multiple Choice

Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what amount of this gain should be recognized for consolidation purposes for 2017?


A) $12,000.
B) $9,600.
C) $8,400.
D) $2,000.
E) $1,200.

Correct Answer:

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