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On January 1, 2018, Chamberlain Corporation pays $550,000 for an 80% ownership in Neville. Annual excess fair-value amortizat

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Answer #1

Answer:-

Non Controlling Interest in Neville = 100% - Chemberlian share in Neville

= 100-80 = 20%

Neville Income = 175,000

Less:- Annual excess fair value amortization 25,000

Net Amount Available for shareholders = $150,000

Non Controlling Share = 150,000*20%

= $30,000

Option D is correct.

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