Business, 03.03.2020 03:35 fatlenny

On January 1, 2018, Chamberlain Corporation pays $550,000 for an 80% ownership in Neville. Annual excess fair-value amortization of $25,000 results from the acquisition. For the year ended December 31, 2019, Chamberlain reports net income of $340,000 and Neville reports $175,000. The parent figures contain no income from the subsidiary.
What is the consolidated net income attributable to the non-controlling interest?

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On January 1, 2018, Chamberlain Corporation pays $550,000 for an 80% ownership in Neville. Annual ex...