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    Advanced Accounting Study Set 6
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    Exam 5: Consolidated Financial Statements - Intercompany Asset Transactions
  5. Question
    What Is the Net Effect on Consolidated Net Income in 2009,before
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What Is the Net Effect on Consolidated Net Income in 2009,before

Question 59

Question 59

Multiple Choice

What is the net effect on consolidated net income in 2009,before allocation to controlling and noncontrolling interests,due to the equipment transfer?


A) Increase $2,000.
B) Decrease $12,000.
C) Decrease $10,000.
D) Decrease $14,000.
E) Increase $10,000.

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