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    Advanced Accounting Study Set 12
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    Exam 7: Consolidated Financial Statements - Ownership Patterns and Income Taxes
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    Buckette Co
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Buckette Co

Question 100

Question 100

Multiple Choice

Buckette Co. owned 60% of Shuvelle Corp. and 40% of Tayle Corp., and Shuvelle owned 35% of Tayle.What percentage of Tayle's income is attributed to Buckette's ownership interest?


A) 100%.
B) 75%.
C) 61%.
D) 40%.
E) 74%.

Correct Answer:

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