Assuming There Are No Excess Amortizations Associated with the Consolidation

question 1

Multiple Choice

Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, compute Wilson's share of income from Simon for consolidation for 2017.

• A) $72,000.
• B) $90,000.
• C) $73,575.
• D) $73,800.
• E) $72,500.

---

Definitions:

Proportionate

Characterized by a correspondence or balance between parts or elements, in terms of size, quantity, or importance.

Context

The set of circumstances or background information that surrounds a particular event, situation, or issue, influencing its understanding and interpretation.

Normal Anxiety

A natural, often temporary, reaction to stress or uncertainty, which can be a motivating force or, when in moderate levels, not indicative of a mental health disorder.

Meaning

A concept that refers to the significance or interpretation of something, such as a word, action, event, or symbol.