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QUESTION 1 Derber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2017. For 2017, Kailey reported revenues of $800,000 and

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QUESTION 1 Derber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2017. For 2017, Kailey reported revenues of $800,000 and expenses of $660,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $15,000. In consolidation, the total amount of expenses related to Kailey, and to Denbers acquisition of Kaliley, for 2017 ts determined to be O $135,000 o $225,000 O $405,000. O s215,000. O s220,000

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