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On January 1, 2017, Chamberlain Corporation pays $550,800 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $23,500 results from the acquisition.

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On January 1, 2017, Chamberlain Corporation pays $550,800 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $23,500 results from the acquisition. On December 31, 2018, Neville reports revenues of $458,000 and expenses of $310,000 and Chamberlain reports revenues of $810,000 and expenses of $441,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation? Multiple Choice $458,000. $467,200. $493,500. $443,700

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