Denber co. acquired 60 of the common stock of kailey corp., Ask an Expert

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Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2010. For 2010 Kailey reported revenues of $810,000 and expenses of $630,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $15,000. What is the amount of net income to the controlling interest for 2010?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M981574

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