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Consolidation P7-28 Workpaper 1/1/05 291,200 - .70 (380,000) = 25,200 Land Goodwill 14,000 70% 9,800 15,400 25,200 Inventory sales: BIP = 30,000 62,000 37,000 C --------------W -----------EIP= 62,000 - 37,000 = 25,000 54,000 90,000 ------- C ------------W BIP = 15,000 EIP= 90,000-54,000 = 36,000 x 20/90 = 8,000 Equipment sale C W Life 15 Cost 120,000 8,000 A/D 40,000 Book Val 80,000 10 8,000 1/1/06 Sale price 95,000 10 9,500 Gain 15,000 1,500 1/1/09 AD should be: 40,000 + 3(8000) = 64,000 but is 3(9500)=28,500 difference 35,500 Equity method entries: Investment in S Income from S Net income (20,000 x 70%) 1/1/01 14,000 14,000 Cash Investment in S 3,500 3,500 Dividends (5,000 x 70%) a. Eliminating entries: E(1) Income from Subsidiary Dividends Declared Investment in West Company Stock Eliminate income from subsidiary. Income to Noncontrolling Interest Dividends Declared Noncontrolling Interest Assign income to noncontrolling interest: $7,950 = ($20,000 + $30,000 - $25,000 + $1,500) x .30 Common Stock -- West Company Retained Earnings, January 1 Differential Investment in West Company Stock Noncontrolling Interest Eliminate beginning investment balance: ($250,000 + $150,100) x .70+25,200=305,200 $120,000 = ($250,000 + $150,100) x .30 Land, Buildings and Equipment (net) Goodwill Differential Assign beginning differential: $9,800 = $14,000 x .70 Retained Earnings, January 1 Noncontrolling Interest Cost of Goods Sold Eliminate beginning inventory profit of West Company. 14,000 3,500 10,500 7,950 1,500 6,450 E(2) E(3) 150,000 250,000 25,200 305,200 120,000 E(4) 9,800 15,400 25,200 E(5) 21,000 9,000 30,000 P7-28 (continued) E(6) Retained Earnings, January 1 Cost of Goods Sold Eliminate beginning inventory profit of Crow Corporation. Sales Cost of Goods Sold Inventory Eliminate intercompany upstream sale of inventory by West Company: $25,000 = $62,000 - $37,000 Sales Cost of Goods Sold Inventory Eliminate intercompany downstream sale of inventory by Crow Corporation: Retained Earnings, January 1 Noncontrolling Interest Building and Equipment (net) Eliminate unrealized gain on equipment: Building is 95,000 should be 120,000 less Accumulated depr which * 3x is 9,500=28,500 should be (40,000 + 3(8,000) = 64,000 difference = 35,500 Building & Equipment (net) Depreciation Expense 15,000 15,000 E(7) 62,000 37,000 25,000 E(8) 90,000 82,000 8,000 E(9) 7,350 3,150 10,500* 1,500 1,500 P7-28 (continued) b. Crow Corporation and West Company Consolidation Workpaper December 31, 20X9 Crow West Eliminations Corp. Co. Debit Credit 300,000 200,000 (7) 62,000 (8) 90,000 14,000 (1) 14,000 314,000 200,000 200,000 150,000 (5) 30,000 (6) 15,000 (7) 37,000 (8) 82,000 40,000 30,000 (9) 1,500 (240,000) (180,000) (2) 74,000 568,000 20,000 250,000 7,950 165,500 Item Sales and Service Revenue Income from Subsidiary Credits Cost of Goods Sold Consolidated 348,000 348,000 Depreciation Expense Debits Income to Noncontrolling Interest Net Income, carry forward Retained Earnings, Jan. 1 186,000 68,500 (254,500) 93,500 (7,950) 85,550 173,950 (3)250,000 (5) 21,000 (6) 15,000 (9) 7,350 173,950 (1) (2) 467,300 Net Income, from above Dividends Declared Retained Earnings, Dec. 31, carry forward Cash and Receivables Inventory Land, Buildings & Equipment (net) Investment in West Company Stock Differential Goodwill Debits Accounts Payable Common Stock Ret. Earnings, from above Noncontrolling Interest Credits 74,000 642,000 (35,000) 607,000 81,300 200,000 270,000 315,700 20,000 270,000 (5,000) 265,000 85,000 110,000 250,000 165,500 3,500 1,500 170,500 (7) 25,000 (8) 8,000 524,650 85,550 610,200 (35,000) 575,200 166,300 277,000 520,800 (4) 9,800 1,500 10,500 (1) 10,500 (3) 305,200 (4) 25,200 (3) 25,200 (4) 15,400 867,000 60,000 200,000 607,000 867,000 445,000 30,000 150,000 265,000 445,000 (3)150,000 467,300 (5) 9,000 (9) 3,150 679,850 170,500 (2) 6,450 (3)120,000 679,850 15,400 979,500 90,000 200,000 575,200 114,300 979,500 P7-28 (continued) c. Retained earnings reconciliation, December 31, 20X9: Retained earnings, Crow Corporation Unrealized profits on Crow Corporation's books ($90,000 - $54,000) x ($20,000 / $90,000) Unrealized profits on West Company's books ($62,000 - $37,000) x .70 Unrealized profit on equipment transfer [($15,000 - ($1,500 x 4)] x .70 Consolidated retained earnings $607,000 (8,000) (17,500) (6,300) $575,200
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Oklahoma State >> ACCT >> cost (Spring, 2008)
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47 Activity Dictionary: Credit Card Department Activity Name Supervising employees Activity Description Scheduling, coordinating, and performance evaluation Activity Type Secondary Cost Object(s) Activities within department Credit cards Credit cards...
Oklahoma State >> ACCT >> cost (Spring, 2008)
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Example of Differential Allocation, Equity method entries, Elimination entries Earth Corporation paid $1,680,000 for a 30% interest in Tremor Corporation\'s outstanding common stock on January 1, 20x4. The book values and fair values of Tremor\'s net a...
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82 1. Galvin Company Sales Budget (in thousands) Quarter 1 Road warrior: Units . Unit price . Sales . Prepster: Units . Unit price . Sales . Total sales . 2. Quarter 2 Quarter 3 Quarter 4 Year 77,000 $50 3,850,000 $ 15,000 16,500 20,000 25,500 $50...
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E3-21* Valuation of Assets under Alternative Accounting Theories a. Entity theory: Book Value Fair Value Increase ($240,000 x 1.00) ($50,000 x 1.00) $240,000 50,000 $290,000 b. Parent company theory: Book Value Fair Value Increase ($240,000 x 1.00)...
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P19-13 Entries and Statements for General Fund of a Hospital a. Journal entries: 1. 2. 3. Accounts Receivable Patient Services Revenue Contractual Adjustments Accounts Receivable Nursing Services Other Professional Services Fiscal Services General Se...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E19-9 Statement of Activities for an Other Nonprofit Organization Pleasant School Statement of Activities Unrestricted Operating Fund Only Year Ended June 30, 20X2 Operating Funds Unrestricted Support and revenue: Tuition and fees Contributions Auxi...
Oklahoma State >> ACCT >> consol (Spring, 2006)
P1-29 Journal Entries to Record a Business Combination Journal entries to record acquisition of TKK net assets under purchase treatment: (1) Deferred Merger Costs Cash Record payment of legal fees. (2) Deferred Stock Issue Costs Cash Record costs of ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P18-18 a. Capital Projects Fund Entries and Statements Journal entries: 1. CPF Cash Other Financing Source_Bond Issue Proceeds Other Financing Use_Transfer Out to Debt Service Fund Cash DSF Cash Other Financing Source_Transfer In from Capital Proje...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P18-19 Recording Entries in Various Funds [AICPA Adapted] 1. Entries made in the capital projects fund for 20X8: Cash Other Financing Sources Bond Issue Issued $800,000 of bonds at their face value. ENCUMBRANCES BUDGETARY FUND BALANCE RESERVED FOR ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P2-27 Computation of Account Balances Allocation of purchase differential: $150,000 40% (200,000 + 40,000 + 80,000) = $22,000 Building & Equip Goodwill Difference 35,000 40% of Difference 14,000 8,000 22,000 life 5 2,800 a. Easy Chair Company 20X1...
Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
31 Activity a. Machining b. Assembling c. Selling goods d. Selling goods e. Moving goods f. Storing goods g. Moving materials h. X-raying patients i. Transporting clients j. Repairing teeth k. Setting up equipment l. Filing claims m. Maintaining equi...
Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
E17-4 Multiple-Choice Questions on the General Fund 1. 2. 3. b d c The balances in the ENCUMBRANCES CONTROL and the FUND BALANCERESERVED FOR ENCUMBRANCES accounts are the same. Therefore, an excess of one account over the other indicates a recording ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P1-38 Combined Balance Sheet Issue 700 shares: 700 x $300 = $210,000 100% (20,000+5,000+135,000) = $50,000 Inventory Land P&E net Goodwill Book value 30,000 10,000 120,000 Fair value 42,000 15,000 140,000 Difference 12,000 5,000 20,000 13,000 50,000...
Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
EXAMPLE Assume that P owns 90% of S. On 1/1/x1 S had issued $500,000 worth of 10%, 10 year bonds for $450,000. On 1/1/x7 P purchased $100,000 of these bonds for $110,000. Interest is paid semi-annually on July 1 and January 1. S\'s reported net income...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E19-1 1. 2. 3. 4. 5. 6. a c a c d b Multiple-Choice Questions on Colleges and Universities [AICPA Adapted] $7,500,000 assets - $4,500,000 liabilities $550,000 unrestricted + $330,000 of restricted $200,000 for fair value of donated services. Travel...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E18-6 Capital Projects Fund Entries a. Entries to record receipt of grant and bond sale: Cash Revenue County Grant Cash Other Financing Source Bond Issue Other Financing Source Bond Premium Other Financing Use Transfer Out to Debt Service Fund Ca...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P17-22 Journal entries for the General Fund 1. ESTIMATED REVENUES CONTROL APPROPRIATIONS CONTROL ESTIMATED OTHER FINANCING USES TRANSFER OUT TO DEBT SERVICE BUDGETARY FUND BALANCE UNRESTRICTED Fund Balance Reserved for Encumbrances Fund Balance R...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E17-10 Closing Entries and Balance Sheet a. Closing entries for the general fund: (1) APPROPRIATIONS CONTROL ESTIMATED OTHER FINANCING USE TRANSFER OUT BUDGETARY FUND BALANCE UNRESERVED ESTIMATED REVENUES CONTROL Close budgetary accounts. BUDGETARY...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P8-26 Intercorporate Bond Holdings and Other Transfers Building P-S 12/31/x7 12/31/x7 Cost A/D BV Selling price Gain 125,000 75,000 50,000 65,000 15,000 25 10 10 5,000 6,500 Acc Depre is: 0 should be 75,000 Land P<-S 7/1/x6 Cost Selling price Gain...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E19-3 Entries for a Hospital\'s Unrestricted (General) Fund a. Journal entries for the general fund. 1. 2. Accounts Receivable Patient Services Revenue Nursing Services Expense Other Professional Services Fiscal Services Expense General Services Expen...
Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
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Oklahoma State >> ACCT >> cost (Spring, 2008)
P17-15 General Fund Closing Entries and Statements a. Adjusting entries: (1) Inventory of Supplies Expenditures Establish ending inventory of supplies. Fund Balance Unreserved Fund Balance Reserved for Inventories Reserve fund balance for supplies ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P8-25 Intercorporate Transfers of Inventory and Equipment BIP 59,000-44,000=15,000 L - A 60,000 L-A EIP = 27/60 x 20,000 = 9,000 BONDS: A=Sub =Issuer Entire 1/1/x4 Bonds payable 200,000 Premium 4% 8,000 Amort: 8,000/10 800 12/31/x5 Balance 8x800 6...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P8-23 Consolidation Workpaper - Year of Retirement Bonds: Issuer=S 12/21/x3 Entire Bonds 200,000 Payable 12/21/x3 Premium 28,000 Bonds Payable = 57,000 Bond Investment= 50,000 Constr. Gain 7,000 Interco 50,000 7,000 Purchaser=P 12/21/x3 Investment in...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E8-10 Loss on Constructive Retirement Issuer = P 1/1/x2 1/1/x8 Inter co Bonds payable 100,000 Discount (50,000 x 4/10) (4,000) Amort 1,000 12/31/x8 Balance (3,000) Interest expense: 10,000 +1,000=11,000 1/1/x8 Loss: Bonds Payable (net ) of 96,000 r...
8-9
Oklahoma State >> ACCT >> cost (Spring, 2008)
8-9 NOTE: I added to this problem in order to get more out of it. BONDS: Parent=Issuer Entire Interco Bonds Payable 1,000,000 300,000 1/1/x1 Discount 30,000 1/1/x8 Discount* 19,500 5,850 Amort (30,000/20yr) 1,500 450 12/31/x8 Discount 18,000 5,400 12...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P7-30 Intercompany Transfer of Inventory and Land 1/1/02 94,000 - .70 (80,000 + 20,000) = 24,000 70% Bdlg & Eq 20,000 14,000 Patents 10,000 24,000 1/1/03 24,000-3400) = 20,600 12/31/02 LAST YEAR 48,000 32,000 H -B -EIP= 16,000 10 5 1,400 2,000 Dur...
UMass Dartmouth >> EGR >> 101 (Spring, 2008)
Force, stress and strain Mass in kilograms, kg often called weight Produces, in gravity, Force in Newtons. 1kg produces a force of 9.8 Newtons A force pulling (or pushing) on a rod of a cross-sectional area A Produces a stress, measured in Pascals (...
Oklahoma State >> ACCT >> cost (Spring, 2008)
7-27 Consolidation following Inventory Transactions Differential: 1/1/01 83,000 - .60 (100,000+20,000) = 11,000 all to Land Last year: 42,500 25,500 B -T -EIP= 42,500-25,500 = 17,000 x 20% = 3,400 This year: BIP = 3,400 35,000 21,000 B -T -EIP= 35,...
Oklahoma State >> ACCT >> cost (Spring, 2008)
7-23 Eliminations for Upstream Sales BIP= 60,000 40,000 = 20,000 150,000 100,000 C - S -EI = 45,000 EIP=15,000 (45,000x 50,000/150,000) Gross Profit %= GP/Sales = 50/150 = 33.3% Equity method entries: Investment in S 32,000 Income from S Net incom...
UMass Dartmouth >> EGR >> 101 (Spring, 2008)
UNIDENTIFIED DERMATOSIS SYNDROME (UDS) (a.k.a., Morgellons Disease) SURVEILLANCE DATABASE 4/21/2008 1 Jane M. Perry, MPH, Director Chemical Hazards Program Environmental Health and Injury Prevention Branch Georgia Division of Public Health 2 Peac...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E7-13 Intercompany Sales 2004: 180,000 H -S -120,000 EI:45,000 EIP: 45,000 x 60/180 = 15,000 2005: BIP 15,000 135,000 H -S 90,000 EI:30,000 EIP: 30,000 x 45/135 = 10,000 140,000 280,000 H -S EI:110,000 EIP: 110,000 x 140/280 = 55,000 a. Consolidat...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P6-40 Intercompany Sale of Equipment in Prior Period at a Loss No differential Equipment sale F -B 1/1/x7 1/1/x5 Cost 1/1/x7 A/D BV Sales Price Loss 90,000 18,000 72,000 48,000 24,000 10 8 8 9,000 6,000 3,000 Equity method entries: Investment in S I...
6-8
Oklahoma State >> ACCT >> cost (Spring, 2008)
6-8 Transfer of Depreciable Asset 1/1/x2 Cost A/D Book Value Sales price Gain 300,000 120,000 180,000 210,000 30,000 10 6 6 6 30,000 35,000 5,000 E6-8 Transfer of Depreciable Asset at Year-End a. Eliminating entry, December 31, 20X5: E(1) Truck Gain...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P5-35 and 36 Comprehensive Problem: Differential Apportionment 1/1/x7 173,000 80% (100,000 + 50,000) = 53,000 80% 33,000 20,000 53,000 Time 11 Depr assets Goodwill 3,000 in 1/1/x8 53,000 3,000 = 50,000 Goodwill impairment in 2008 20,000-6000=14...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P5-32 Consolidation Workpaper at End of First Year of Ownership 1-1-08 96,000 75% (60,000 + 40,000) = 21,000 75% 15,000 6,000 21,000 *(6,000 2,500) Time 10 Amort 1,500 3,500* Building Goodwill 12-31-08 20,000 Actual Entries: Investment in S Cas...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E5-20A and 21A Basic Cost-Method Workpaper Differential: 150,000 100%(100,000 + 50,000) = 0 Actual Entries: Investment in S ICash Record original investment Cash Dividend Income Dividends 150,000 15,000 10,000 10,000 a. Eliminating entries: E(1) D...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E5-14 and 15 Consolidation Workpaper for Majority-Owned Subsidiary no differential Actual entries for 2003: Investment in S Income from S NI: $30,000 x 80% = $24,000 Cash Investment in S Dividends 24,000 24,000 8,000 8,000 a. Eliminating entries: ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P4-28 Consolidation Workpaper at End of First Year of Ownership $128,000 100% (60,000 +40,000) = 28,000 BV B&E (net) Goodwill Total a. Journal entries recorded by Parent (1) Cash Investment in Lake Corporation Stock Record dividends from subsidiary...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P4-24 Comprehensive Problem: Consolidation in Subsequent Period $240,000 100% (100,000 +100,000) = 40,000 BV B&E (net) Goodwill Total Balance 12/31/x3 = $40,000 2(4,000) = $32,000 a. Journal entries recorded by Thompson Company: (1) Cash Investmen...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P4-23 Consolidated Balance Sheet $240,000 100% (100,000 +100,000) = 40,000 BV B&E (net) Goodwill Total Balance 12/31/x3 = $40,000 2(4,000) = $32,000 POST CLOSING: a. Eliminating entries: E(1) Common Stock - Lake Corporation Retained Earnings Diffe...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P3-39* Balance Sheet Amounts under Alternative Accounting Theories $210,000 - .75(90,000+110,000) = $60,000 B Inventory Bdlg & Equipment ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P7-32 Intercorporate Transfers of Inventory and Equipment 1/1/05 No differential Equipment sale F B Life 10 8 8 9,000 6,000 3,000 1/1/05 1/1/07 Cost A/D Book Val Sale price LOSS 90,000 18,000 72,000 48,000 24,000 BIP=75,000-60,000=15,000 30,000...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P6-38 Consolidation Workpaper in Year following Intercompany Transfer 1/1/02 160,000 - .80 (100,000+50,000) = 40,000 Goodwill 40,000 Impairment loss (12/31/06) 25,000 Land Sale 1/1/05 P <- L Cost Sale price Gain Equipment sale P -> L 1/1/06 1/1/01 ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P5-33 Consolidation Workpaper at End of Second Year of Ownership 1-1-x8 96,000 75% (60,000 + 40,000) = 21,000 75% 15,000 6,000 21,000 Time 10 Building Goodwill 20,000 1,500 3,500* *(6,000 2,500) 1-1-x9=21,000-1500=19,500 (including gw impairme...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P3-38 Comprehensive Problem: Consolidated Financial Statements a. b. c. d. e. f. g. h. i. j. k. Cash: $71,000 + $33,000 = $104,000 Receivables (net): $431,000 + $122,000 - $45,000 = $508,000 Inventory: $909,000 + $370,000 - ($45,000 - $34,000) = $1,2...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P6-35 Consolidation Workpaper in Year of Intercompany Transfer 1/1/x2 160,000 - .80 (100,000+50,000) = 40,000 Goodwill 40,000 Impairment loss (20x6) 25,000 Land Sale 1/11/05 P <- L Cost Sale price Gain 8,000 18,000 10,000 Equipment sale P -> L 1/1...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E6-10 Sale of Equipment to Subsidiary in Current Period WL Cost A/D Book Val Sale price Gain 150,000 80,000 70,000 84,000 14,000 Life 15 7 7 10,000 10,000 12,000 2,000 a. Journal entry to record sale: by Wainwrite to record sale Cash Accumulate...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E4-15 Basic Consolidation Workpaper a. Equity method entries: Investment in Shaw Corporation Stock Income from Subsidiary To record income from sub Cash Investment in Shaw Corporation Stock To record dividends declared and paid by sub 30,000 30,000 1...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E3-22* Reported Income under Alternative Accounting Theories a. Entity theory: Total revenue ($410,000 + $200,000) Total expenses ($320,000 + $150,000) Consolidated net income [$90,000 + ($50,000 x 1.00)] b. Parent company theory: Total revenue ($410...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P8-24 Consolidation Workpaper - Year after Retirement Bonds: S=issuer Purchased 12/31/x3 at ? Balance 12/31/x4 = 106,000 Interest expense 100,000 x 9%=9,000 therefore 1,000 must be amort of premium Interest income (given) 8,000 Equity method entries...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P7-34 Comprehensive Worksheet Problem Differential: 1/1/04 280,000 - .80(300,000) = 40,000 Buildings & Eq 40,000 / 10 = 4,000 1/1/07 balance: 40,000 3(4000) = 28,000 Inventory: BIP=(60,000 - 40,000) 40%=8,000 45,000 30,000 R -S -EIP= (45,000 30,00...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P6-41 Comprehensive Problem: Intercorporate Transfers 12/31/01 2,340,000 - .75(1,000,000+1,350,000+620,000) = 112,500 Inventory Land Goodwill 1/1/08 22,500 (sold in x2) 40,000 50,000 112,500 112,500 22,500 = 90,000 Land x2 R -> S Gain 23,000 Cons...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P6-36 Intercorporate Sales in Prior Years 1/1/05 180,000 - .80 (30,000+20,000+100,000) = 60,000 Diff 50,000 80% 40,000 20,000 Life 20 20 Patent B S 12/31/07 Cost...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P6-34 Consolidation Workpaper with Intercompany Transfers Building sale M <- B 1/1/04 Life Cost A/D Book Val Sale price Gain 13,200 12 1,100 Land Sale 6/14/04 M ->B Cost Sale price Gain 3,000 7,000 4,000 Equity method entries: Investment in S I...
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