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What is the controlling interest in consolidated net income for 2015

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40. Keefe Inc, a calendar-year corporation, acquires 70% of George Company on September 1, 2014, and an additional 10% on January 1, 2015. Total annual amortization of $6,000 relates to the first acquisition. George reports the following figures for 2015;Without regard for this investment, Keefe independently earns $300,000 in net income during 2015.;All net income is earned evenly throughout the year.;What is the controlling interest in consolidated net income for 2015?;A. $380,000.;B. $375,200.;C. $375,800.;D. $376,000.;E. $400,000.

 

Paper#24450 | Written in 18-Jul-2015

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