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

question 86

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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 net income to the controlling interest for 2014?


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The act of providing constructive feedback or expressing disapproval aimed at encouraging improvement.

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The potential negative and positive outcomes associated with a decision or action.

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