Hattrick Corp $31,20X6$ Bobby $\quad$ $\quad$ Hattrick Revenues Expenses Statement of Changes in Equity - Retained Earnings Section

question 4

Essay

Hattrick Corp. is a wholly owned, parent-founded subsidiary of Bobby Inc. Both Bobby and Hattrick report under IFRS. The unconsolidated statements of comprehensive income and part of the statement of changes in equity-retained earnings for the two companies for the year ended December 31, 20X6, are as follows (in 000s):
Statements of Comprehensive Income Year Ended December $31,20X6$ Bobby $\quad$$\quad$ Hattrick Revenues:
$\begin{array}{lll}\text { Sales } & \$ 265,000 & \$ 121,000 \\\text { Interest, dividend, \& lease income } & \underline{13,000} & \underline{600} \\& \underline{278,000} & \underline{121,600}\end{array}$ Expenses:
$\begin{array}{lll}\text { Cost of goods sold }&133,000&63,000\\\text { Amortization expense } & 26,000 & 11,600 \\\text { Administrative expense } & 39,000 & 13,000 \\\text { Income tax expense } & 17,800 & 11,700 \\\text { Other expenses } & 12,900 & 400\\&228,700&99,700\\\text { Net income }&49,300&21,900\end{array}$ Statement of Changes in Equity - Retained Earnings Section
Year Ended December $31,20X6$ $\begin{array}{lll}\text { Retained earnings, January } 1,20X6&19,200&15,200\\\text { Net income } & 49,300 & 21,900 \\\text { Dividends declared } & \underline{(13,300)} & \underline{(10,000} \\\text { Retained earnings, December } 31,20 \times 6 & \$ 55,200 & \$ 27,100\end{array}$ Additional information:
• Bobby sells some of its output to Hattrick. During 20X6, intercompany sales amounted to $25,000,000, all of which had been sold by Hattrick to outside customers by year-end. Hattrick has accounts payable owing to Bobby of $200,000 at December 31, 20X6.
• Bobby owns the land on which Hattrick's building is located. Bobby leases the land to Hattrick for $30,000 per month.
• Bobby accounts for its investment in Hattrick under the cost method.
Required:
Prepare a consolidated statement of comprehensive income and consolidated statement of changes in equity-retained earnings section for Bobby Inc. for the year ended December 31, 20X6.

Recognize different parenting styles and their characteristics.

Comprehend the emphasis in cultural variations in parenting.

Identify the impact of parenting styles on child development and behavior.

Understand the development and reasoning behind religious and moral beliefs in individuals.

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Definitions:

Personality Disorder

A mental disorder defined by persistent unhealthy patterns of thought, behavior, and internal experience.

Anorexia Nervosa

An eating disorder characterized by a distorted body image and an unreasonable fear of gaining weight, leading to excessive weight loss.

Amenorrhea

The absence of menstrual cycles.

Bulimia Nervosa

An eating disorder marked by a cycle of binge eating followed by behaviors such as vomiting to prevent weight gain.