CONSOLIDATED CASH FLOWS STATEMENT
Pol Corp. and Subsidiary comparative Balance Sheets at Dec. 31. in (000)
Pol Corp. and Subsd. Consolidated Income Statement at Dec. 31. in (000)
75 Income from Equity inves
Practice 7 Intercompany Transactions- Inventory
Practice 7a(downstream sales)
PP Corp. owns 75% of SS Corp. acquired at book value during 2011. During 2012 Pan sold $100000
merchandises to Sat at 40% gross profit. Half of this merchandise remaind in SS in
INTERCOMPANY TRANSACTIONS- PLANT ASSETS
Downstream sales of Land
On Jan. 1, 2011 Pak corp. acquired 90% of San Corp. ownership at $ 270 when the cost is equal to
value of interest acquired. During 2011 Pak sold Land Cost $40 to San at selling price of $50
PRACTICE 12 INTERCOMPANY TRANSACTION - BONDS
Subsidiary acquisition of Parent Bonds
Pat Corp. owns 80% of Sun Corp.ownership. On Dec. 30, 2010 Pat issued $1000 000 par of 10%
bonds at par value to the public. On Dec.31, 2011 Sun purchases $100 000 of Pat
Practice 8 FOREX AND DERIVATIVE ACCOUNTING
ABC Moncha is an authorized money changer. On 5 January 2016, the owner invested IDR 100 million for the business.
The following data is the ABC rate for the first week 5-12 Jan. 2016:
US$1-13080 SGD 1-10300
P2- CHANGE IN OWNERSHIP INTEREST
On Jan. 2, 2010 PRNT corporation bought 10% ownership of SDRY company paid cash $10000.
On Oct. 1, 2011 PRNT corporation bought additional 25% ownership of SDRY company paid cash $28000.
On April 3, 2012 PRNT bought a