Question
Hello can someone help me with this question and explain it to me to understand it better. Thank you On January 1, 2014, Chamberlain Corporation
Hello can someone help me with this question and explain it to me to understand it better. Thank you
On January 1, 2014, Chamberlain Corporation pays $658,000 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $23,000 results from the acquisition. On December 31, 2015, Neville reports revenues of $542,000 and expenses of $367,000 and Chamberlain reports revenues of $755,000 and expenses of $403,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to the Chamberlain Corporation?
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