LaFevor Co. acquired 70% of the common stock of Dean Corp. on September 1, 2021....
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LaFevor Co. acquired 70% of the common stock of Dean Corp. on September 1, 2021. For 2021, 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 $30,000. LaFevor's fiscal year ends every December 31.
What is the amount of the noncontrolling interest's share of Deans income for 2021?
Select one:
a. $12,500.
b. $45,000.
c. $18,000.
d. $15,000.
e. $30,000.
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