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

Question 28

Multiple Choice

Assuming there are no excess amortizations or other intra-entity transactions, compute income from Stiller on Leo's books for 2018.

A) $140,000.
B) $ 97,000.
C) $125,000.
D) $100,000.
E) $112,000.

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