Assuming There Are No Excess Amortizations Associated with the Consolidation

question 6

Multiple Choice

Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, what amount of this gain should be recognized for consolidation purposes for 2017?

• A) $12,000.
• B) $9,600.
• C) $8,400.
• D) $2,000.
• E) $1,200.

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Definitions:

Top Managers

Individuals at the highest level of an organization's management who are responsible for setting strategic goals and making key decisions.

Staff Managers

are individuals who advise and support line managers by providing expert knowledge, services, and advice in their area of specialization.

Technical Expertise

Specialized knowledge or skills in a specific field or area of technology, acquired through education, training, or professional experience.

Line Managers

Supervisors or managers who are directly responsible for overseeing the day-to-day work of other employees.