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On January 1, 2020, Chamberlain Corporation pays $553,600 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $21,600 results from the acquisition.

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On January 1, 2020, Chamberlain Corporation pays $553,600 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $21,600 results from the acquisition. On December 31, 2021, Neville reports revenues of $466,000 and expenses of $320,000 and Chamberlain reports revenues of $808,500 and expenses of $449,500. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation? Multiple Choice O $483,400. $433,640 $466,000. $455,240

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