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What is consolidated net income attributable

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Question - On January 1, 2017, Chamberlain Corporation pays $546,400 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $17,100 results from the acquisition. On December 31, 2018, Neville reports revenues of $488,000 and expenses of $344,000 and Chamberlain reports revenues of $798,000 and expenses of $477,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation?

Reference no: EM132489230

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