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P 9-1 Schedule for allocating income (unrealized profits and goodwill) The affiliation structure for Pad Corporation and its subsidiaries is diagrammed as follows: The incomes
P 9-1 Schedule for allocating income (unrealized profits and goodwill) The affiliation structure for Pad Corporation and its subsidiaries is diagrammed as follows: The incomes and dividends for the affiliates for 2011 are (in thousands): Pad Sal Axe Ban Separate income (loss) $500 $300 $150 $(20) Dividends 200 140 50 ADDITIONAL INFORMATION 1. Axe sold land to Sal during 2011 at a $20,000 gain. The land is still held by Sal. 2. Sal is amortizing a previously unrecorded patent of Axe at the rate of $12,000 per year. (Total amortization is $20,000.) 3. Pad is amortizing a previously unrecorded patent acquired from Sal
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