Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2014....
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Accounting
Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2014. For 2014, 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 2014?
A. $31,000
B. $33,000
C. $60,000
D. $39,000
E. $55,000
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