Reference no: EM131830218

Question - Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2010. For 2010 Kailey reported revenues of $810,000 and expenses of $630,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $15,000.

What is the amount of net income to the controlling interest for 2010?

a) $31,000

b) $33,000

c) $55,000

d) $60,000

e) $39,000

What is the amount of the non-controlling interest's share of Denber's income for 2010?

a) $22,000

b) $24,000

c) $48,000

d) $66,000

e) $72,000