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.In consolidation, the total amount of expenses related to Dean, and to LaFevor's acquisition of Dean, for 2022 is determined to be
A) $180,000.
B) $234,000.
C) $325,000.
D) $333,750.
E) $546,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q118: When a parent company acquires a less-than-100
Q119: Pell Company acquires 80% of Demers Company
Q120: McLaughlin, Inc. acquires 70% of Ellis Corporation
Q121: Pell Company acquires 80% of Demers Company
Q122: On January 1, 2019, Jannison Inc. acquired
Q123: Pell Company acquires 80% of Demers Company
Q124: In a step acquisition where the parent
Q125: McGuire Company acquired 90 percent of Hogan
Q126: Pell Company acquires 80% of Demers Company
Q127: Pell Company acquires 80% of Demers Company