Denber Co Acquired 60% of the Common Stock of Kailey Corp

question 103

Multiple Choice

Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2014. For 2014, Kailey reported revenues of $810,000 and expenses of $630,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $15,000.
What is the amount of the non-controlling interest's share of Kailey's income for 2014?

• A) $22,000.
• B) $24,000.
• C) $48,000.
• D) $66,000.
• E) $72,000.

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