Consolidated net income attributable

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Reference no: EM13792270

On January 1, 2014, Chamberlain Corporation pays $578,800 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $20,500 results from the acquisition. On December 31, 2015, Neville reports revenues of $491,000 and expenses of $338,000 and Chamberlain reports revenues of $792,000 and expenses of $422,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to the Chamberlain Corporation?

$491,000.

$470,000.

$502,500.

$449,500.

Reference no: EM13792270

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