Business, 27.02.2020 22:44 dbanks701

During 2019, Harbor had revenues of $2,500,000 and expenses of $2,000,000. The amortization of fair value allocations totaled $60,000 in 2019. Not including its investment in Harbor, Femur Co. had its own revenues of $4,500,000 and expenses of $3,000,000 for the year 2019. The non-controlling interest's share of the earnings of Harbor Corp. for 2019 is calculated to be:

a. What amount of consolidated net income for 2019 should be allocated to Femur’s controlling interest in Harbor?
b. What amount would Femur Co. report as consolidated net income for 2019?

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During 2019, Harbor had revenues of $2,500,000 and expenses of $2,000,000. The amortization of fair...

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