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On January 2,2023 , Quepasa Inc, a cquired 100% of the voting common shares of Strauss Corporation for $340,000 cash. At that time, the shareholders'

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On January 2,2023 , Quepasa Inc, a cquired 100% of the voting common shares of Strauss Corporation for $340,000 cash. At that time, the shareholders' equity of Strauss consisted of $120,000 in common shares and $90,000 in retained eamings. The fair values of all assets and liabilities were equal to the carying value with the exception of inventory and building. The inventory's fair value was $50,000 in excess of the carying value. The buil ding's fair value was $100,000 less than the Earying value and had a remaining useful life of 8 years. Quepasa uses the cost method to account for its inve stment in Strauss. In 2024, go odwill was defermined to be impaired by $10,000. B oth companies have a December 31 year end. The following information relates to the year ending December 31, 2025. Which of the following amounts represents consolidsted net income for the year ending De cember 31,2 2 2b? $927,500 $987,500 $1,127,500 $962,500

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