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P Company bought 60% of the common stock of S Company on January 1,2017.On January 1,2017 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:
Contribute
To give something, such as time, money, or resources, towards a common goal or cause, often for the benefit of a larger group or project.
Benefit
A term referring to the positive outcome or satisfaction received from consuming a good or service or from a particular economic activity.
Nash Equilibrium
A situation in a non-cooperative game where each player's strategy is optimal, given the strategies of all other players in the game.
Payoff
The return or gain that an individual receives from an investment or action.
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