Attachment # 00002517 - CT-Mod04-opt2-1.xlsx
CT-Mod04-opt2-1.xlsx (99.5 KB)
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Parent Company Balance Sheet Sale by ParentAssets, Liabilities & EquitiesBook ValueAccount DRCRCashARInventoryEquipmentLandAccumulated DepreciationAcquisition by SubPatent Total AssetsAPCommon StockAdditional Paid In CapitalRetained Earnings Total Liabilities & EquitySub Company Balance SheetPP&EAssume that book Value = Fair ValueAssume that Parent Company decides to sell $5,000 of Inventory to Sub for $7,000 cash. Show the sale and the subsequent elimination entries by Parent CompanyElimination Entries Requirement: 1. Prepare the book calculations2. Perform the required journal entries
Assignment option #2-Intercompany Transactions - Inventory.

Assignment option #2-Intercompany Transactions - Inventory.

Question # 00039489 Posted By: jia_andy Updated on: 12/30/2014 12:31 PM Due on: 06/30/2015
Subject Accounting Topic Accounting Tutorials:
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Intercompany Transactions - Inventory.
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CT-Mod04-opt2-1.xlsx (99.5 KB)
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  1. jia_andy
    Tutorial # 00038728 Posted By: jia_andy Posted on: 12/30/2014 12:38 PM
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    The solution of Assignment option #2-Intercompany Transactions - Inventory....
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    CT-Mod04-opt2-1_sol.xlsx (99.61 KB)
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