Ch_7_solutions

Ch_7_solutions - Ch 7 solutions 1. D 2. B 3. D 4. C 5. C 6....

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Ch 7 solutions 1. D 2. B 3. D 4. C 5. C 6. C 7. A Damson's accrual-based income: Operational income . ................................................................... $200,000 Defer unrealized gain . ................................................................ (40,000 ) Damson's accrual-based income . ....................................... $160,000 Crimson's accrual-based income: Operational income . ................................................................... $200,000 Investment Income (90% of Damson’s realized income) . ...... 144,000 Crimson's accrual-based income . ....................................... $344,000 Bassett's accrual-based income: Operational income . ................................................................... $300,000 Investment income (80% of Crimson's realized income) . ...... 275,200 Bassett's accrual-based income . ........................................ $575,200 8. C Icede's accrual-based income: Operational income . ................................................................... $220,000
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This note was uploaded on 04/05/2010 for the course ACCY 260 taught by Professor Yu during the Spring '10 term at Ferrum.

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Ch_7_solutions - Ch 7 solutions 1. D 2. B 3. D 4. C 5. C 6....

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