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Mustang Company owns 75% of Maroon Company. The following information is available at year-end: Mustang Maroon Revenues $1,500 $600 Expenses 900 400 Additionally, total annual

Mustang Company owns 75% of Maroon Company. The following information is available at year-end: Mustang Maroon Revenues $1,500 $600 Expenses 900 400 Additionally, total annual excess amortizations of $40 resulted from the acquisition. Determine total consolidated net income. $800 $760 $570 $720

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