1 / 9

Accounting 471/875

Accounting 471/875. Chapter 6. Intercompany Debt Transactions. upstream transactions subsidiary gives note to parent acquisition of outstanding debt of subsidiary by parent downstream transactions parent gives note to subsidiary acquisition of outstanding debt of parent by subsidiary.

devon
Download Presentation

Accounting 471/875

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Accounting 471/875 Chapter 6

  2. Intercompany Debt Transactions • upstream transactions • subsidiary gives note to parent • acquisition of outstanding debt of subsidiary by parent • downstream transactions • parent gives note to subsidiary • acquisition of outstanding debt of parent by subsidiary

  3. Standard Consolidation Worksheet AdjustmentsIntercompany NotesUpstream Transfers

  4. Standard Consolidation Worksheet AdjustmentsIntercompany NotesDownstream Transfers

  5. Standard Consolidation Worksheet AdjustmentsIntercompany Bonds - Upstream Transfers

  6. Standard Consolidation Worksheet AdjustmentsIntercompany Bonds - Downstream Transfers

  7. Calculation of Parent’s Interest in Subsidiary Retained Earnings at Beginning of Year

  8. Calculation of Minority Interest in Subsidiary Retained Earnings at Beginning of Year

  9. Calculation of Minority Interest in Subsidiary Net Income

More Related