Allen Co Held 80% of the Common Stock of Brewer Inc

question 87

Essay

Allen Co. held 80% of the common stock of Brewer Inc. and 40% of this subsidiary's convertible bonds. The following consolidated financial statements were for 2010 and 2011.

Additional Information:
1. Bonds were issued during 2011 by the parent for cash.
2. Amortization of a database acquired in the original combination amounted to $7,000 per year.
3. A building with a cost of $84,000 but a $42,000 book value was sold by the parent for cash on May 11, 2011.
4. Equipment was purchased by the subsidiary on July 23, 2011, using cash.
5. Late in November 2011, the parent issued common stock for cash.
6. During 2011, the subsidiary paid dividends of $14,000.
Required:
Prepare a consolidated statement of cash flows for this business combination for the year ending December 31, 2011. Either the direct method or the indirect method may be used.

Describe the effects of operant conditioning in modifying behaviors through consequences.

Recognize the contributions of key psychologists to the study of observable behaviors.

Explain the concept of learning as a change in behavior or knowledge due to experience.

Understand the process of extinction in classical conditioning and its implications.

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Definitions:

Couple Therapy

A form of psychotherapy that aims to improve communication and resolve conflicts between partners in a romantic relationship.

Secondary Prevention

A health care strategy aimed at early detection and treatment of disease to halt its progression.

Primary Prevention

Prevention interventions that are designed to prevent disorders altogether.

Protective Factors

Elements in an individual's environment and personal behaviors that decrease the likelihood of developing a disease or injury.