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Beagle Co Owned 80% of Maroon Corp

question 100

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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. 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 Eckston Inc. is calculated to be A)  $234,000. B)  $211,000. C)  $221,000. D)  $224,000. E)  $246,000. The accrual-based income of Eckston Inc. is calculated to be

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