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On January 1, 2020, Chamberlain Corporation pays $686,800 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $17,800 results from the acquisition.
On January 1, 2020, Chamberlain Corporation pays $686,800 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $17,800 results from the acquisition. On December 31, 2021, Neville reports revenues of $500,000 and expenses of $317,000 and Chamberlain reports revenues of $764,000 and expenses of $408,000. The parent figures contain no inconte from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation? Multiple Choice
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