Chapters 1-5 Consolidations vgeneral info on business combinations vacquisition with dissolution vconsolidation requirements vpurchase vs. pooling vtracking.

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Presentation transcript:

Chapters 1-5 Consolidations vgeneral info on business combinations vacquisition with dissolution vconsolidation requirements vpurchase vs. pooling vtracking investment in subsidiary (w/ actual journal entries) vconsolidation worksheets, entries, and accounts

Basic consolidation:after year of acquisition equity method accounting 100% EIDSA*CNCI*GTIG #############++++XX Cost method Partial equity parent comp proportionate downstream upstream Year of acquisitn upstream Outside owner Basic econ unit Trsfr invent 100% downstream Other accntg Trsfr invent 60% XXX+++++######XXX###XX

EIDSA*CNCI*GTIG Invest in Sub XXXXX Eqty in sub earn X Beg. R/E XXX Common Stock X Add. Pd-in Cap X Dividends Paid costXX Equipment, etc XX Deprec exp, etc X CGS XXX Revenues X NCint, 12/31 X Inventory X Dividend income cost NCint in Sub Inc X NCint, 1/1 XXX