Beagle Co Owned 80% of Maroon Corp

question 74

Multiple Choice

Beagle Co. owned 80% of Maroon Corp. Maroon owned 90% of Eckston Inc. Operating income totals for 2011 are shown below; these figures contained no investment income. Amortization expense was not required by any of these acquisitions. Included in Eckston's operating income was a $56,000 unrealized gain on intra-entity transfers to Maroon.
-The accrual-based income of Beagle Co. is calculated to be

• A) $706,670.
• B) $755,980.
• C) $805,280.
• D) $838,150.
• E) $815,770.

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Definitions:

Frequency Distribution

An overview of all distinct values in some variable and the number of times they occur.

Range

In statistics, range refers to the difference between the highest and lowest values in a data set.

Class Intervals

The range of values into which data points in a dataset are grouped for the purpose of creating a frequency distribution.

Frequency Distribution

A statistical representation showing the number of times each value appears in a dataset, often visualized as a table or graph.