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:

Cognitive-behavioral Therapy

A form of psychotherapy that focuses on changing negative thought patterns and behaviors to improve emotional regulation and develop personal coping strategies targeting solving current problems.

Drug Therapies

treatments involving prescription medications designed to treat or manage specific diseases, disorders, or conditions by altering biochemical or physiological processes.

Sociotherapy

A therapeutic intervention that focuses on social factors and community in the treatment of mental health issues, aiming to improve interpersonal skills and social functioning.

Mind-blindness

A condition often associated with autism spectrum disorders, characterized by difficulty in attributing mental states to oneself and others, leading to challenges in understanding what others are thinking or feeling.