AMIS624X13 - Parent Sales 950 Cost of Sales 500 Expenses 230 Equity in Net Inc Sub 70 Net Income/Loss 290 Retained Earnings beg Net Income/Loss

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12/31/2003 Parent Sub Adjustments Consolidated Sales 950 400 1350 Cost of Sales 500 235 735 Expenses 230 95 325 Equity in Net Inc. Sub 70 70 k Net Income/Loss 290 70 70 0 290 Retained Earnings, beg. 800 600 600 j 800 Net Income/Loss 290 70 70 0 290 Dividends Declared 120 28 28 k 120 Retained Earnings, e 970 642 670 28 970 Cash 562 262 824 A/R 246 300 546 Inventory 200 160 360 400 500 900 Accum. Depreciation 180 100 280 Investment in Sub. 942 900 j 42 k 500 80 580 Long-term Debt 400 100 500 Common Stock 300 300 300 j 300 Retained Earnings, e 970 642 670 28 970 2350 2350 1222 1222 970 970 2630 2630
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12/31/2003 Parent Sub Adjustments Consolidated Sales 950 400 1350 Cost of Sales 500 235 735 Expenses 230 95 325 Dividend Income 28 28 k Net Income/Loss 248 70 28 0 290 Retained Earnings, beg. 200 600 800 Net Income/Loss 248 70 28 0 290 Dividends Declared 120 28 28 k 120 Retained Earnings, e 328 642 28 28 970 Cash 562 262 824 A/R 246 300 546 Inventory 200 160 360
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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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AMIS624X13 - Parent Sales 950 Cost of Sales 500 Expenses 230 Equity in Net Inc Sub 70 Net Income/Loss 290 Retained Earnings beg Net Income/Loss

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