Answer:
Explanation:
Calculation to determine consolidated net income attributable to Chamberlain Corporation
Using this formula
Consolidated net income attributable to Chamberlain Corporation=[(Neville Revenues-Neville Expenses)+(Chamberlain Revenues-Chamberlain Expenses)- Annual excess fair-value amortization]-[(Neville Revenues-Neville Expenses)-Annual excess fair-value amortization*percentage of ownership in Neville.
Let plug in the formula
Consolidated net income attributable to Chamberlain Corporation=[($460,000-$328,000)+($784,000-$440,000)-$19,800]-[($460,000-$328,000)-$19,800*40%]
Consolidated net income attributable to Chamberlain Corporation=($132,000+$344,000-$19,800)-($132,000-$7,920)
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Answer:
Can be charge of price fixing. It is an assention between members on a similar side in a market to purchase or offer an item, administration, or product just at a settled cost, or keep up the economic situations with the end goal that the cost is kept up at a given level by controlling free market activity.
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Explanation:
Answer:
Given that,
Amount borrowed from bank = $24,000
Interest rate = 6%
Time period = 6 months
Interest for the month of November:
= $24,000 × 6% × (1 ÷ 12)
= $120
Therefore, the journal entry is as follows:
Interest expense A/c Dr. $120
To interest payable $120
(To record the interest expense)