Strathberry acquired 80% of the voting common stock of X Soler Corp. on January 1, 2022....
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Strathberry acquired 80% of the voting common stock of X Soler Corp. on January 1, 2022. During 2022, X Soler had revenues of $2,700,000 and expenses of $2,100,000. The amortization of fair value allocations totaled $65,000 in 2022. Not including its investment in X Soler, Strathberry Co. had its own revenues of $4,800,000 and expenses of $3,600,000 for the year 2022. What amount would Strathberry Co. report as consolidated net income for 2022? Strathberry acquired 80% of the voting common stock of X Soler Corp. on January 1, 2022. During 2022, X Soler had revenues of $2,700,000 and expenses of $2,100,000. The amortization of fair value allocations totaled $65,000 in 2022. Not including its investment in X Soler, Strathberry Co. had its own revenues of $4,800,000 and expenses of $3,600,000 for the year 2022. What amount would Strathberry Co. report as consolidated net income for 2022?
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Related Book For
Advanced Accounting
ISBN: 978-1259444951
13th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni
Posted Date:
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