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Ch2BW - Before Creation x1 Revenue Expenses Parent Sub...

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Before Creation Parent Sub Adjustments Consolidated 12/31/20x1 Revenue 900 900 Expenses 830 830 Net Income/Loss 70 70 Retained Earnings, beg. 30 30 Net Income/Loss 70 70 Dividends Paid Retained Earnings, end 100 100 Cash 300 300 Other Assets 200 200 Investment in Sub. Liabilities 150 150 Paid-In Capital Accts 250 250 Retained Earnings, end 100 100 500 500 500 500 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved Chapter 2--1
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At Creation Parent Sub Adjustments Consolidated 12/31/20x1 Revenue 900 Expenses 830 Net Income/Loss 70 Retained Earnings, beg. 30 Net Income/Loss 70 Dividends Paid Retained Earnings, end 100 Cash 60 240 Other Assets 200 Investment in Sub. 240 Liabilities 150 Paid-In Capital Accts 250 240 Retained Earnings, end 100 500 500 240 240 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved Chapter 2--2
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End 1st Year/Equity Parent Sub Adjustments Consolidated 12/31/07---No Sub Divs. Revenue 970 220 Expenses 845 160 Eq. in Net Inc. of Sub. 60 Net Income/Loss 185 60 Retained Earnings, beg. 100 Net Income/Loss 185 60 Dividends Paid 40 Retained Earnings, end 245 60 Cash 145 300 Other Assets 200 Investment in Sub. 300 Liabilities 150 Paid-In Capital Accts 250 240 Retained Earnings, end 245 60 645 645 300 300 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved Chapter 2--3
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End 1st Year/Equity Parent Sub Adjustments Consolidated 12/31/07---Sub has Divs. Revenue 970 220 Expenses 845 160 Eq. in Net Inc. of Sub. 60 Net Income/Loss 185 60 Retained Earnings, beg. 100 Net Income/Loss 185 60 Dividends Paid 40 25 Retained Earnings, end 245 35 Cash 170 275 Other Assets 200 Investment in Sub. 275 Liabilities 150 Paid-In Capital Accts 250 240 Retained Earnings, end 245 35 645 645 275 275 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved Chapter 2--4
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End 1st Year/Cost Parent Sub Adjustments Consolidated 12/31/07---No Sub Divs. Revenue 970 220 Expenses 845 160 Dividend Income 0 Net Income/Loss 125 60 Retained Earnings, beg. 100 Net Income/Loss 125 60 Dividends Paid 40 Retained Earnings, end 185 60 Cash 145 300 Other Assets 200 Investment in Sub. 240 Liabilities 150 Paid-In Capital Accts 250 240 Retained Earnings, end 185 60 585 585 300 300 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved Chapter 2--5
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End 1st Year/Cost Parent Sub Adjustments Consolidated 12/31/07---Sub has Divs. Revenue 970 220 Expenses 845 160 Dividend Income 25 Net Income/Loss 150 60 Retained Earnings, beg. 100 Net Income/Loss 150 60 Dividends Paid 40 25 Retained Earnings, end 210 35 Cash 170 275 Other Assets 200 Investment in Sub. 240 Liabilities 150 Paid-In Capital Accts 250 240 Retained Earnings, end 210 35 610 610 275 275 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved Chapter 2--6
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End 2nd Year/Equity Parent Sub Adjustments Consolidated 12/31/08---Sub has Divs. Revenue 1000 300 Expenses 870 210 Eq. in Net Inc. of Sub. 90 Net Income/Loss 220 90 Retained Earnings, beg. 245 35 Net Income/Loss 220 90 Dividends Paid 47 Retained Earnings, end 465 78 Cash 347 318 Other Assets 200 Investment in Sub. 318 Liabilities 150 Paid-In Capital Accts 250 240 Retained Earnings, end 465 78 865 865 318 318 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved Chapter 2--7
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