"It" is a pronoun used in place of a noun. So you are looking to replace "has" which is the verb in the sentence. "Has" is a "passive verb", one of the forms of "have". You should strive to use active verbs, which show a noun doing an action.
Let's list some example sentences first with "it has":
The bedroom has a bed, a dresser, and chest of drawers.
Michael has a headache.
It has only one time for the meeting. (poorly written sentence)
So, how can we replace "has" but still keep the meaning of the sentence? "Has" indicates present tense so we can't use past tense verbs.
Here are examples of how to change the three example sentences:
The bedroom contains a bed, a dresser, and chest of drawers.
The bedroom houses a bed, a dresser, and chest of drawers.
Michael suffers from a headache. (Note, we had to add "from" to have the sentence make sense.)
Michael complains of a headache. (Note , we had to add "of" to have the sentence make sense.)
The schedule lists only one time for the meeting. (Note that if we change "it" to a noun, we can then use an "active verb".)
The teacher offers one time for the meeting.
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