LaFevor Co

question 78

Multiple Choice

LaFevor Co. acquired 70% of the common stock of Dean Corp. on August 1, 2022. For 2022, Dean reported revenues of $960,000 and expenses of $780,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $21,000.What is the amount of the noncontrolling interest's share of Dean's income for 2022?

• A) $15,900.
• B) $19,875.
• C) $46,375.
• D) $47,700.
• E) $54,000.

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Definitions:

Brand Community

A group of customers who are invested in a brand beyond just purchasing its products or services, often engaging with each other and the brand itself.

Structured Relationships

Organized and often formal interactions that follow defined rules or patterns, typically within a professional or institutional setting.

Reference Groups

Social groups that individuals look to as a basis for self-assessment or as a source of personal standards.

Self-Appraisal

A process by which an individual evaluates his or her own performance, strengths, and weaknesses.