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3. Before the end of 21115, 5 Company sold d' oi the merchandise it purchased from P Company during lllli. 4. Before the end of

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3. Before the end of 21115, 5 Company sold d' oi the merchandise it purchased from P Company during lllli. 4. Before the end of IBIS, P Company sold 30% of the merchandise it purchased fmm 5 Company during 2015. 5. [In January 1:- IDKS, 5 Company gave 52,5410 cash to P Company in exchange for a three-year note signed by P. The note bears interest at 10% payable earh January 1. IE. n July 1JI EDIE. P Company transferred EEJJIIIJ cash to S Cmnpany. In exchange. 5 Company signed a E'l- one-year note. Interest is payable when the note is due. 5". [ln January 1I IllIE, P Company purchased in the open market all of the ETEJllllll par value, 3%, tenvyear bonds of 5 Company for $3153\". The bonds were sold on Jautu 1I Elll', with interest payments on January 1 and July 1 each year. ti. [ln June It]. H15, 5 Company purchased in the open market $150.90\" par value, T LI'E'EI'E, Ellvyear bonds of P Company for $152,625, including $5,625 accrued interest. These bonds were part of an original $.5llJllltl par value issue that was sold B years ago. Interest is paid on January 1 and July 1 earh year. 9. There is no indication that goodwill hmi been impaired during Elllt. Emma: Complete a consolidation worksheets for the year ended December 31. 111115 for P Company and its. consolidated subsidiary E Company [show all necessary computations]

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