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Taylor Co. owns 70% of the voting common stock of Meehan Corp. During 2014, Meehan had revenues of $1,250,000 and expenses of $1,000,000. The amortization

Taylor Co. owns 70% of the voting common stock of Meehan Corp. During 2014, Meehan had revenues of $1,250,000 and expenses of $1,000,000. The amortization of excess cost allocations totaled $30,000 i...

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