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    Exam 5: Consolidated Financial Statements Intra-Entity Asset Transactions
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    What Amount Should Be Recorded on Wilson's Books as Gain
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What Amount Should Be Recorded on Wilson's Books as Gain

Question 21

Question 21

Multiple Choice

What amount should be recorded on Wilson's books as gain on the transfer of equipment, prior to preparing consolidating entries?


A) $19,500.
B) $18,250.
C) $11,750.
D) $38,250.
E) $37,500.

Correct Answer:

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