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    Exam 5: Consolidated Financial Statements Intra-Entity Asset Transactions
  5. Question
    Assuming There Are No Excess Amortizations Associated with the Consolidation
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Assuming There Are No Excess Amortizations Associated with the Consolidation

Question 1

Question 1

Multiple Choice

Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, compute Wilson's share of income from Simon for consolidation for 2017.


A) $72,000.
B) $90,000.
C) $73,575.
D) $73,800.
E) $72,500.

Correct Answer:

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