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What is the effect of including harbor in net income

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Reference no: EM131988128

Question - Femur Co. acquired 80% of the voting common stock of Harbor Corp. on January 1, 2010. During 2010, Harbor had revenues of $2,750,000 and expenses of $2,000,000. The amortization of excess cost allocations totaled $80,000 in 2010.

What is the effect of including Harbor in consolidated net income for 2010?

Reference no: EM131988128

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