Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, compute Wilson's share of income from Simon for consolidation for 2018.
A) $108,000
B) $110,000.
C) $106,000.
D) $109,825.
E) $109,800.

Question

Quizplus · Accepted Answer

Wilson's share of income from Simon for consolidation is $108,000, assuming no excess amortizations or other intra-entity asset transfers.

Assuming There Are No Excess Amortizations Associated with the Consolidation