Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2019. For 2019, Kailey reported revenues of $810,000 and expenses of $630,000, not including its investment in Denber, and all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $15,000. What is the amount of the noncontrolling interest's share of Kailey's income for 2019?
a. $72,000.
b. $22,000.
c. $66,000.
d. $24,000.
e. $48,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2019. For 2019, Kailey reported revenues of $810,000 and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Brain Teaser: You are driving a bus, 6 people get on, 2 people get off, then 10 get on and 5 get off, and then 8 get on and 4 get off. What color were the bus driver's eyes?
Answers (2)
Zero-base budgeting: a. means the Congress has ""sunseted"" an agency. b. means that an agency does not automatically receive its previous year's base budget. c. is unconstitutional. d. none of the above
Answers (1)
The manager of a sales group has presented the weekly target on the number of sales her group must achieve.
Answers (1)
Spending, saving, and investing to have the kind of life you want and financial security can be achieved by
Answers (1)
In the example in the video, why would American companies be hurt when trying to sell goods in Europe affected?
Answers (1)
New Questions in Business
Disruptive innovations are more likely to come from large companies with extensive resources. a. True b. False
Answers (1)
A U. S. automobile company sells many of its cars in countries that have lower taxes on corporate profits than the U. S.
Answers (1)
Suppose that flu shots create a positive externality equal to $20 per shot. what is the relationship between the market equilibrium output level and the efficient equilibrium output produced?
Answers (1)
To qualify for the moving expense deduction, an employee must change job sites, move a required distance, and change employers. a. True b. False
Answers (1)
Suppose you are buying your first house for $360,000, and you will make a $60,000 down payment. You will finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6% nominal interest rate.
Answers (1)