$2.99 On January 1, 2011, Chamberlain Corporation pays $388,000Found in Business: Accounting
Chapter 1, # 0
On January 1, 2011, Chamberlain Corporation pays $388,000 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $15,000 results from the acquisition. On December 31, 2012, Neville reports revenues of $400,000 and expenses of $300,000 and Chamberlain reports revenues of $700,000 and expenses of $400,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to the controlling interest?
- This tutorial hasn't been purchased yet.
- Posted on Jan 18, 2012 at 11:42:02PM