REFERENCE: Ref.07_10 Alpha Corporation Owns 100 Percent of Beta Company,and Beta Owns

question 85

Multiple Choice

REFERENCE: Ref.07_10
Alpha Corporation owns 100 percent of Beta Company,and Beta owns 80 percent of Gamma,Inc. ,all of which are domestic corporations.Information for the three companies for the year ending December 31,2009 follows:

-What is Alpha's accrual-based income for 2009?

• A)$564,000.
• B)$564,800.
• C)$572,200.
• D)$580,000.
• E)$600,000.

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