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Assuming There Are No Excess Amortizations or Other Intra-Entity Transactions

Question 37

Multiple Choice

Assuming there are no excess amortizations or other intra-entity transactions, compute income from Stiller on Leo's books for 2017.

A) $110,000
B) $100,000.
C) $125,000.
D) $ 85,000.
E) $ 88,000.

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