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Frank Co. acquired 70% of the voting common stock of Kiddison January 1, 2019. During 2019. Kidson had revenues of $2,750,000 and expenses of $2.000.000.
Frank Co. acquired 70% of the voting common stock of Kiddison January 1, 2019. During 2019. Kidson had revenues of $2,750,000 and expenses of $2.000.000. The amortization of fair value allocations totaled $75,000 in 2019. Not including its investment in Kiddison, Frank Co had its own revenues of $4,500,000 and expenses of $3,000,000 for the year 2019. The noncontrolling interest's share of the earnings of Kiddison for 2019 is calculated to be a $132,000 $150,000 c $225.000 ad 5202,500
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