Ch3aBW - 1/1/07---Before Purchase Parent Sub Adjustments...

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Unformatted text preview: 1/1/07---Before Purchase Parent Sub Adjustments Consolidated Revenue Expenses Eq. in Net Inc. of Sub. Net Income/Loss Retained Earnings, beg. 400 250 650 Net Income/Loss Dividends Paid Retained Earnings, end 400 250 650 Cash 600 600 Land 350 350 Investment in Sub. Common Stock 200 100 300 Retained Earnings, end 400 250 650 600 600 350 350 950 950 C h a p t e r 3 a-- 1 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved At Purchase---1/1/07 Parent Sub Adjustments Consolidated Revenue Expenses Eq. in Net Inc. of Sub. Net Income/Loss Retained Earnings, beg. 400 250 Net Income/Loss Dividends Paid Retained Earnings, end 400 250 Cash 250 Land 350 Investment in Sub. 350 Common Stock 200 100 Retained Earnings, end 400 250 600 600 350 350 C h a p t e r 3 a-- 2 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved At Purchase---1/1/07 Parent Sub Adjustments Consolidated Revenue Expenses Eq. in Net Inc. of Sub. Net Income/Loss Retained Earnings, beg. 400 250 Net Income/Loss Dividends Paid Retained Earnings, end 400 250 Cash 180 Land 350 Investment in Sub. 420 Common Stock 200 100 Retained Earnings, end 400 250 600 600 350 350 C h a p t e r 3 a-- 3 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved At Purchase---1/1/07 Parent Sub Adjustments Consolidated Revenue Expenses Eq. in Net Inc. of Sub. Net Income/Loss Retained Earnings, beg. 400 250 Net Income/Loss Dividends Paid Retained Earnings, end 400 250 Cash 250 Equipment 400 Accumulated Depreciation 50 Investment in Sub. 350 Common Stock 200 100 Retained Earnings, end 400 250 600 600 400 400 C h a p t e r 3 a-- 4 AMIS 624 David E. Wallin copyright 2009 All Rights Reserved At Purchase---1/1/07 Parent Sub Adjustments Consolidated...
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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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Ch3aBW - 1/1/07---Before Purchase Parent Sub Adjustments...

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