AMIS624X1B - Part C Retained Earnings beg 142 Common Stock...

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Part C. Retained Earnings, b 142 Common Stock 40 Investment in Sub. 182 Equity in Net Inc. Sub 55 Investment in Sub. 17 Dividends Declared 72 Part D. Common Stock 40 Investment in Sub. 40 Dividend Income 72 Dividends Declared 72
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12/31/20x1 Parent Sub Adjustments Consolidated Sales 560 130 690 Cost of Sales 400 60 460 Expenses 200 25 225 Dividend Income 13 13 k Net Income/Loss 27 45 13 0 5 Retained Earnings, beg. 560 110 670 Net Income/Loss 27 45 13 0 5 Dividends Declared 98 13 13 k 98 Retained Earnings, e 435 142 13 13 577 Cash 90 90 180 A/R 80 80 160 Inventory 75 50 125 Prop., Plant, & Equip. 400 120 520 Accum. Depreciation 70 20 90 Investment in Sub. 40 40 j Payables & Accruals 60 35 95 Long-term Debt 95 103 198 Common Stock 25 40 40 j 25 Retained Earnings, e 435 142 13 13 577 685 685 340 340 53 53 985 985
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Cash 399 72 471 Inventory 100 120 10 j 210 Patent 60 12 j 48 Build. & Equipment 100 400 24 j 120 k 404 Accum. Depr.-B & E 42 120 120 k 42 NTC Contract 40 j 40 Land 100 80 52 j 232 Goodwill 37 j 37 Investment in Sub. 373 373 j Payables and Accruals 100 40 140 Long-term Debt 200 300 30 j 530 Common Stock 80 50 50 j 80 Retained Earnings, e 650 222 222 0 650 1072 1072 732 732 545 545 1442 1442
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12/31/20x1 Parent Sub
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