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On January 1, 2017, Chamberlain Corporation pays $481,600 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $24,700 results from the acquisition.
On January 1, 2017, Chamberlain Corporation pays $481,600 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $24,700 results from the acquisition. On December 31, 2018, Neville reports revenues of $512,000 and expenses of $386,000 and Chamberlain reports revenues of $754,000 and expenses of $430,000. The parent figures contain income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation? Multiple Choice $409,480 O O $512,000. O O $425,300. o $384,780
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