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Required information Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2019, For 2019, Kailey reported revenues of $810,000 and
Required information Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2019, For 2019, Kailey reported revenues of $810,000 and expenses of $630,000, not including its investment in Denber, and 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 Denber's acquisition of Kailey, for 2019 is determined to be: Multiple Choice $153,750. $161,250. $205,000. $210,000. $215,000
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