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Required (a) Did the loss on the sale of equipment shown above result from...

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Accounting

Required
(a) Did the loss on the sale of equipment shown above result from a sale to an affliate or a nonaffliate? Explain.
(b) Explain why the amortization of bond premium is treated as a deduction from net income in arriving at net cash flow from
operations.
(c) Determine the net income of Pritchard Windows for Year 5.(Assume no intercompany transactions or unrealized profits and
that the only change in the undepleted acquisition differential during the year was the goodwill impairment loss.)
(d) Explain why dividends to noncontrolline shareholders are not shown as a dividend in the consolidated retained earnines
statement but are shown as a distribution of cash in the consolidated cash flow statement.
(e) Determine the amount of dividends paid by Pritchard Windows in Year 5.
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