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LaFevor Co

Question 9

Multiple Choice

LaFevor Co. acquired 70% of the common stock of Dean Corp. on August 1, 2022. For 2022, Dean reported revenues of $960,000 and expenses of $780,000, all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $21,000.What is the amount of the noncontrolling interest's share of Dean's income for 2022?


A) $15,900.
B) $19,875.
C) $46,375.
D) $47,700.
E) $54,000.

Correct Answer:

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