What is consolidated net income attributable

Assignment Help Accounting Basics

Reference no: EM13324542

On January 1, 2012, Chamberlain Corporation pays $388,000 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $15,000 results from the acquisition. On December 31, 2013, Neville reports revenues of $400,000 and expenses of $300,000 and Chamberlain reports revenues of $700,000 and expenses of $400,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to the controlling interest?
$351,000
$400,000
$231,000
$366,000

Reference no: EM13324542

Questions Cloud

What is the work done by the electrical force : Suppose you lower the object a distance 0.246 m (in the same direction the field is pointing). What is the work done by the electrical force

What are two key elements of a sis : CI-3110 - Give key reasons for the BP Texas City refinery explosion. What are recommendations to prevent further catastrophic event and what does SIS include

Write a sql query for each of the following requirement : MIS 4300 / ACCT 4300 Database Fundamentals Spring 2014. How many times the vendor has placed an order for the item ID = 1 (rename it as NUMORD)?

With what speed must the animal leave the ground : The best leaper in the animal kingdom is the puma, which can jump to a height of 3.7 m when leaving the ground at an angle of 45°. With what speed must the animal leave the ground

What is consolidated net income attributable : What is consolidated net income attributable to the controlling interest?

Find the mass of the second particle : Two equally charged particles, held 4.7 × 10-3 m apart, are released from rest. The initial acceleration of the first particle is observed to be 7.2 m/s2, find the mass of the second particle

Sniffing out fraudulent activity : What other data points should auditors look out for when sniffing out fraudulent activity?

Case of hosana-tabor evangelical lutheran church : Read the case of Hosana-Tabor Evangelical Lutheran Church and School v. Equal Employment Opportunity Commission.

What is the acceleration of each sprinter : In a women's 100-m race, accelerating uniformly, Laura takes 2.00 s and Healan 3.00 s to attain their maximum speeds, What is the acceleration of each sprinter

User Account

All Pages