Several Years Ago Polar Inc

question 2

Essay

Several years ago Polar Inc. acquired an 80% interest in Icecap Co. The book values of Icecap's asset and liability accounts at that time were considered to be equal to their fair values. Polar's acquisition value corresponded to the underlying book value of Icecap so that no allocations or goodwill resulted from the transaction.
The following selected account balances were from the individual financial records of these two companies as of December 31, 2011:
Assume that Polar sold inventory to Icecap at a markup equal to 25% of cost. Intra-entity transfers were $130,000 in 2010 and $165,000 in 2011. Of this inventory, $39,000 of the 2010 transfers were retained and then sold by Icecap in 2011, while $55,000 of the 2011 transfers were held until 2012.
Required:
For the consolidated financial statements for 2011, determine the balances that would appear for the following accounts: (1) Cost of Goods Sold, (2) Inventory, and (3) Non-controlling Interest in Subsidiary's Net Income.

Distinguish between different therapy approaches, such as cognitive-behavioral, psychodynamic, humanistic, and behavior therapies.

Understand the principles of learning as they apply to behavior modifications.

Identify key figures in the development of behavior therapy and counterconditioning.

Recognize and understand the methods and purposes of exposure therapies.

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Definitions:

Disjunctive Premise

A part of a logical argument that presents two or more mutually exclusive options or possibilities.

Negative Proposition

A statement that asserts the non-existence or exclusion of something.

Disjunctive Proposition

A logical statement that presents two or more alternatives, where the truth of any one alternative makes the proposition true.

Categorical Proposition

A proclamation that either affirms or contradicts something concerning all elements of a particular class.