Question
Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2010. For 2010, Kailey reported revenues of $810,000 and expenses of
Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2010. For 2010, Kailey reported revenues of $810,000 and expenses of $630,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $15,000.
What is the amount of net income to the controlling interest for 2010?
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Exam Prep For Financial And Managerial Accounting The Basis For Business Decisions By Williams Et Al 13th Ed
Authors: Mznlnx
13th Edition
1428871764, 978-1428871762
