AMIS624X1C - x1 Parent Sales 100 Cost of Sales Expenses 60...

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12/31/20x1 Parent Sub Adjustments Consolidated Sales 100 417 517 Cost of Sales 300 300 Expenses 60 143 203 Equity in Net Inc. Sub 26 26 k Net Income/Loss 14 26 0 26 14 Retained Earnings, beg. 413 125 125 j 413 Net Income/Loss 14 26 0 26 14 Dividends Declared 70 22 22 k 70 Retained Earnings, e 357 77 125 48 357 Cash 85 40 125 A/R 40 35 75 Inventory 170 52 222 400 190 590 Accum. Depreciation 250 80 330 Investment in Sub. 112 48 k 160 j 70 15 85 Long-term Debt 30 110 140 Common Stock 100 35 35 j 100 Retained Earnings, e 357 77 125 48 357 807 807 317 317 208 208 1012 1012
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12/31/20x1 Parent Sub Adjustments Consolidated Sales 100 417 517 Cost of Sales 300 300 Expenses 60 143 203 Dividend Income 22 22 k Net Income/Loss 62 26 22 0 14 Retained Earnings, beg. 288 125 413 Net Income/Loss 62 26 22 0 14 Dividends Declared 70 22 22 k 70 Retained Earnings, e 280 77 22 22 357 Cash 85 40 125 A/R 40 35 75 Inventory 170 52 222 400 190 590 Accum. Depreciation
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This note was uploaded on 08/06/2011 for the course AMIS 624 taught by Professor Wallin during the Summer '11 term at Ohio State.

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AMIS624X1C - x1 Parent Sales 100 Cost of Sales Expenses 60...

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