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Business, 18.01.2021 22:10 fatboicroi

On January 1, 2020, Chamberlain Corporation pays $654,400 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $23,400 results from the acquisition. On December 31, 2021, Neville reports revenues of $554,000 and expenses of $380,000 and Chamberlain reports revenues of $805,000 and expenses of $462,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation

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On January 1, 2020, Chamberlain Corporation pays $654,400 for a 60 percent ownership in Neville. Ann...

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