For the two securities shown, plot all combinations of the two securities in

a. What are the amount and character of Amy recognized gain or loss?
b. How would your answers to Part a change if Joan and Stephanie each purchased one-half of Amy  partnership interest for $80,000 cash instead of having the partnership distribute the $160,000 in cash to Amy?

The equipment has a further five-year life. Half the inventory on hand at the acquisition date was sold by December 31, 2011, with the remainder being sold in 2012. At December 31, 2013, the goodwill was written down by $3,000 as the result of an impairment test.
Dataworx uses the full goodwill method. The fair value of the non-controlling interest at January 1, 2011, was $74,100.
During the three years since acquisition, Glider has recorded the following annual results:
Year ended Profit
December 31, 2011……. $15,000
December 31, 2012……. 27,000
December 31, 2013……. 12,000
There has been no dividend paid or declared by Glider since the acquisition date.
The equipment owned by Glider on January 1, 2011, was sold on June 30, 2012, for $70,000. The tax rate is 30%.
Required
(a) Prepare the consolidated financial statement adjustments as at January 1, 2011.
(b) Prepare the consolidated financial statement adjustments for the year ended December 31, 2011.
(c) Prepare the consolidated financial statement adjustments for the year ended December 31, 2012.
(d) Prepare the consolidated financial statement adjustments for the year ended December 31, 2013.

Required:
How should this change be reported in Arboretum’s comparative financial statements for 20X4? Determine the amount of depreciation expense to be shown for 20X4 and the comparative amount for 20X3.