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Question Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2010. For 2010, 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. In consolidation, the total amount of expenses related to Kailey, and to Denber's acquisition of Kailey, for 2010 is determined to be Answer; 215,000 What is the amount of net income to the controlling interest for 2010? 33,000 What is the amount of the non-controlling interest's share of Denber's income for 2010? 22,000 Question Femur Co. acquired 70% of the voting common stock of Harbor Corp. on January 1, 2010. During 2010, Harbor had revenues of $2,500,000 and expenses of $2,000,000. The amortization of excess cost allocations totaled $60,000 in 2010. The non-controlling interest's share of the earnings of Harbor Corp. is calculated to be Answer : 132,000 Question Parsons Company acquired 90% of Roxy Company several years ago and recorded goodwill of $200,000 at that date. During 2013 an analysis of the fair value of Roxy's assets determined an impairment of goodwill in the amount of $50,000. At what amount would consolidated goodwill be reported for 2013? $150,000