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Keefe,Inc ,A Calendar-Year Corporation,acquires 70% of George Company on September

Question 26

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Keefe,Inc. ,a calendar-year corporation,acquires 70% of George Company on September 1,2009 and an additional 10% on April 1,2010.Total annual amortization of $6,000 relates to the first acquisition.George reports the following figures for 2010: Keefe,Inc. ,a calendar-year corporation,acquires 70% of George Company on September 1,2009 and an additional 10% on April 1,2010.Total annual amortization of $6,000 relates to the first acquisition.George reports the following figures for 2010:   Without regard for this investment,Keefe earns $300,000 in net income during 2010. All net income is earned evenly throughout the year. What is the controlling interest in consolidated net income for 2010? A) $373,300 B) $372,850 C) $371,500 D) $376,000 E) $372,805
Without regard for this investment,Keefe earns $300,000 in net income during 2010.
All net income is earned evenly throughout the year.
What is the controlling interest in consolidated net income for 2010?


A) $373,300
B) $372,850
C) $371,500
D) $376,000
E) $372,805

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