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Assuming There Are No Excess Amortizations Associated with the Consolidation

Question 67

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 2019.


A) $118,825.
B) $115,000.
C) $117,000.
D) $119,000.
E) $118,800.

Correct Answer:

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