please let me know the correct answer and solution. ion Saved Help Save & Exit 8

Question

please let me know the correct answer and solution.

ion Saved Help Save & Exit 8,000 for a 60 percent ownership in Neville. Annual excess fair-value amortization of On January 1, 2017, Chamberlain Corporation pays $65 $23,000 results from Chamberlain reports revenues of $755,000 and expenses of consolidated net income attributable to Chamberlain Corporation? the acquisition. On December 31, 2018, Neville reports revenues of $542,000 and expenses of $367,000 and $403,000. The parent figures contain no income from the subsidiary. What is Multiple Choice $443,200. $542,000 $504,000 $466,200. K Prev 30 of 50 Next > ENG 12 6/2 e to search ip

Explanation / Answer

Revenues of Subsidiary- Expenses of Subsidiary- Amortisation= Net Profit of Subsydiary

542000-367000-23000= 152000

Share of Holding in profits of Subsydiary= 152000*0.6= 91200

Consolidated Profits of Holding = 755000-403000+91200= $443200

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