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Beagle Co Owned 80% of Maroon Corp

question 35

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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 Maroon Corp. is calculated to be A)  $481,600. B)  $472,700. C)  $488,900. D)  $502,300. E)  $358,800.
-The accrual-based income of Maroon Corp. is calculated to be


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