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:

Positive Change

An improvement or beneficial transformation in individuals, situations, or environments.

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