Farm Owns 70% of the Common Shares of XL and Accounts

question 32

Essay

Farm owns 70% of the common shares of XL and accounts for its investment using the cost method.In 20X6,Farm purchased equipment from XL for $300,000.The equipment had been purchased by XL for $420,000 in 20X2,had accumulated depreciation of $168,000 and a six-year remaining life at December 31,20X5.Both companies record a full year of depreciation expense in the year of the purchase and no depreciation in the year of a sale.
Required:
Indicate the consolidation adjustments to the following accounts for the years ended 20X6,20X8 and 20X11:
• depreciation expense
• net book value of equipment
• non-controlling interest on statement of comprehensive income
• non-controlling interest on statement of financial position
• retained earnings,end of year

Discuss the socioeconomic gradient in health and the concept of avoidable mortality.

Assess the role of patient activism in shaping health-care provision.

Examine the relationship between health-care spending and health outcomes nationally and internationally.

Understand and articulate the contemporary challenges facing medical science and care in Canada.

---

Definitions:

Machining Allowance

The extra material left on the surface of a part after initial rough machining, which is removed during final finishing processes.

Machining Symbol

Symbols used on engineering drawings to indicate the surface texture or finish required for a part after it has been machined.

Knurled Finish

A textured surface finish applied to a part to provide grip or tactile feedback, often found on knobs, handles, and adjustment screws.

Rust Protection

Measures or treatments applied to metal surfaces to prevent corrosion, which can include coatings, platings, and environmental controls.