Multiple Choice
Ensley Company and Bac Company have separate incomes of $140,000 and $240,000,respectively.They had intercompany purchases and sales of $40,000 and intercompany interest of $2,000.Consolidated net income is
A) $422,000.
B) $380,000.
C) $338,000.
D) $142,000.
Correct Answer:
Verified
Correct Answer:
Verified
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