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On January 1, 2023, Chamberlain Corporation pays $546,400 for a 60 percent ownership in Neville....

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Accounting

On January 1, 2023, Chamberlain Corporation pays $546,400 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $17,100 results from the acquisition. On December 31, 2024, Neville reports revenues of $488,000 and expenses of $344,000 and Chamberlain reports revenues of $798,000 and expenses of $477,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation? Multiple Choice O $397,140 $488,000 $447,900 $414,240
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On January 1, 2023, Chamberlain Corporation pays $546,400 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $17,100 results from the acquisition. On December 31,2024 , Neville reports revenues of $488,000 and expenses of $344,000 and Chamberlain reports revenues of $798,000 and expenses of $477,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberiain Corporation? Multiple Choice $397,140 $488,000 $447,900 $414,240

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