LaFevor Co

question 12

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 Dean's net income attributable to the controlling interest for 2022?

• A) $19,875.
• B) $46,375.
• C) $66,250.
• D) $111,300.
• E) $126,000.

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Definitions:

Oral Messages

Communication that is delivered through spoken words either directly or through mediums like phone or video calls.

Specific Details

Precise, explicit pieces of information that clarify or illustrate a topic.

Brand Equity

The value and strength of a brand in the marketplace, often reflected in consumer recognition, loyalty, and the ability to command premium prices.

Commission Percentage

The portion of sales revenue that is paid to an individual or entity as compensation for sales efforts, usually expressed as a percentage of the sale price.