Solved

P Company Bought 60% of the Common Stock of S $\begin{array}{lrr} & 2014 & 2015 \\\text { P Company } & \$ 280,000 & \$ 210,000 \\\text { S Company } & 70,000 & 105,000\end{array}$

question 36

Essay

P Company bought 60% of the common stock of S Company on January 1, 2014.On January 1, 2014 there was an intercompany sale of equipment at a gain of $63,000.The equipment had an estimated remaining life of six years.Net incomes of the two companies from their own operations (including sales to affiliates) were as follows: $\begin{array}{lrr} & 2014 & 2015 \\\text { P Company } & \$ 280,000 & \$ 210,000 \\\text { S Company } & 70,000 & 105,000\end{array}$
$P Company bought 60% of the common stock of S Company on January 1, 2014.On January 1, 2014 there was an intercompany sale of equipment at a gain of $63,000.The equipment had an estimated remaining life of six years.Net incomes of the two companies from their own operations (including sales to affiliates) were as follows: \begin{array}{lrr} & 2014 & 2015 \\ \text { P Company } & \$ 280,000 & \$ 210,000 \\ \text { S Company } & 70,000 & 105,000 \end{array}$

Definitions:

Treating Partners

In the context of healthcare, it refers to the approach of treating both members of a couple or sexual partners, particularly for conditions that affect or can be transmitted between them.

Directed Masturbation

A therapeutic technique aimed at improving an individual’s sexual function and understanding of personal sexual response through self-stimulation.

Orgasmic Disorder

A sexual dysfunction characterized by difficulty in experiencing orgasm and markedly reduced intensity of orgasmic sensations.

Sex Therapy

A form of psychotherapy aimed at addressing issues related to sexual function, sexual feelings, and intimacy.