Business, 11.06.2021 22:10 marisolrojo2002

Femur Co. acquired 70% of the voting common stock of Harbor Corp. on January 1, 2014. During 2014, Harbor had revenues of $2,500,000 and expenses of $2,000,000. The amortization of excess cost allocations totaled $60,000 in 2014. What is the effect of including Harbor in consolidated net income for 2014

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Femur Co. acquired 70% of the voting common stock of Harbor Corp. on January 1, 2014. During 2014, H...