Question: On December 31, 2024, Pottery Inc. purchased 85% of the 100,000 common shares of Glass Ltd. for $1,200,000. Immediately after the acquisition, Glass's shares were

On December 31, 2024, Pottery Inc. purchased 85% of the 100,000 common shares of Glass Ltd. for $1,200,000. Immediately after the acquisition, Glass's shares were trading at $14. The following is information related to Glass at acquisition: Carrying value Fair value Accounts receivable $ 75,000 $ 72,000 Inventory 152,000 200,000 Customer list (useful life 10 years) 175,000 Common shares 275,000 Retained earnings 550,000 Below are extracts from the December 31, 2026 separate-entity statements of Pottery and Glass. Pottery Glass Net income $ 350,000 $ 295,000 Dividends 150,000 75,000 Retained earnings, closing 975,000 970,000 Pottery uses the cost method to account for its investment in Glass, and there are no intercompany transactions since acquisition. Inventory and accounts receivable turn over every 60 days. What value represents consolidated net income attributable to NCI for the year ending December 31, 2026? Question 1 options: $94,125 $84,563 $41,625 $34,875

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