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Mustang Company owns 7 5 % of Maroon Company. The following information is available at year - end: Mustang - Revenues,$ 1 , 5 0

Mustang Company owns 75% of Maroon Company. The following information is available at year-end: Mustang- Revenues,$1,500, Expenses $900 maroon- revenues $600 expenses $400 Additionally total annual excess amortizations of $40 resulted from the acquisition There is no goodwill or bargain purchase gain determine the consolidated net income A . $760, b. $800 c. $570 d.$720
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