Business, 08.04.2020 00:48 alyea231

Play Inc. owns 100% of Station Corp.'s common stocks. On January 1, 2015, Play sold to Station for $50,000 an equipment with a carrying amount of $30,000. Station is depreciating the equipment over a 5-year life using the straight-line method. Describe the two adjustments and provide the amounts made in 2015 consolidated income statement.

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Play Inc. owns 100% of Station Corp.'s common stocks. On January 1, 2015, Play sold to Station for $...

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