Fargus Corporation Owned 51% of the Voting Common Stock of Sanatee

question 56

Essay

Fargus Corporation owned 51% of the voting common stock of Sanatee, Inc. The parent's interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisition price.
On January 1, 2010, Sanatee sold $1,400,000 in ten-year bonds to the public at 108. The bonds pay a 10% interest rate every December 31. Fargus acquired 40% of these bonds on January 1, 2012, for 95% of the face value. Both companies utilized the straight-line method of amortization.
-What consolidation entry would be recorded in connection with these intra-entity bonds on December 31, 2012?

Comprehend the nature, components, and impact of emotions on behavior.

Identify the role of cognitive dissonance in behavior change.

Understand the concepts of emotional intelligence and how it influences personal and professional life.

Appreciate the significance of emotional labor and how it affects employees.

---

Definitions:

Expenditure

The act of spending or using money for goods, services, or other purposes.

Child Care

This refers to the care and supervision of a child or multiple children, typically from infancy through age 13, by a person other than the child's parents.

Micro-Level Factors

Individual or small-scale influences that affect behaviors, choices, and interactions within specific contexts.

Contraception

The prevention of pregnancy by behavioral, mechanical, or chemical means.