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1 On January 1 , 2 0 2 3 , Harrison, Incorporated, acquired 9 0 percent of Starr Company in exchange for $ 1 ,
On January Harrison, Incorporated, acquired percent of Starr Company in exchange
for $ fairvalue consideration. The total fair value of Starr Company was assessed at
$ Harrison computed annual excess fairvalue amortization of $ based on the
difference between Starr's total fair value and its underlying book value. The subsidiary reported
net income of $ in and $ in with dividend declarations of $ each
year. Apart from its investment in Starr, Harrison had net income of $ in and
$ in
Required:
Note: Use the cells A to B from the above information to complete this question. Formulas
for any items to be subtracted must return negative values.
Prepare a schedule that calculates consolidated net income in and
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