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On January 1, 2020, Chamberlain Corporation pays $632,800 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $20,600 results from the acquisition.
On January 1, 2020, Chamberlain Corporation pays $632,800 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $20,600 results from the acquisition. On December 31, 2021, Neville reports revenues of $517,000 and expenses of $349,000 and Chamberlain reports revenues of $770,000 and expenses of $420,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation
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