AMIS624X1A - Part C. Retained Earnings, beg. 155 Common...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Part C. Retained Earnings, b 155 Common Stock 10 Investment in Sub. 165 Equity in Net Inc. Sub 40 Investment in Sub. 15 Dividends Declared 25 Part D. Common Stock 10 Investment in Sub. 10 Dividend Income 25 Dividends Declared 25
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
12/31/2007 Parent Sub Adjustments Consolidated Sales 200 465 665 Cost of Sales 80 350 430 Expenses 100 170 270 Dividend Income 20 20 k Net Income/Loss 40 55 20 0 35 Retained Earnings, beg. 90 230 320 Net Income/Loss 40 55 20 0 35 Dividends Declared 90 20 20 k 90 Retained Earnings, e 40 155 20 20 195 Cash 120 100 220 A/R 60 90 150 Inventory 60 40 100 200 240 440 Accum. Depreciation 40 105 145 Investment in Sub. 10 10 j 30 100 130 Long-term Debt 240 100 340 Common Stock 100 10 10 j 100 Retained Earnings, e 40 155 20 20 195 450 450 470 470 30 30 910 910
Background image of page 2
Cash 135 40 175 Inventory 100 90 15 j 175 Patent 100 24 j 76 100 300 40 j 50 k 390 40 50 50 k 40 NTC Contract 60 j 60 Land 70 140 30 j 180
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 10

AMIS624X1A - Part C. Retained Earnings, beg. 155 Common...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online