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.
1. What is the amount of the non-controlling interests share of Denbers income for 2010?
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Lab Manual To Accompany Auditing IT Infrastructure For Compliance Version 2
Authors: Martin Weiss
2nd Edition
1284059189, 978-1284059182
