Solution-Only half of the inventory from the intra-entity

Only half of the inventory from the intra-entity trasaction

Assignment Help Accounting Basics

Reference no: EM13682027

1) In 2013, company A sold inventory costing $100 to its fully-owned subsidiary company B for $150. The entire inventory remains with company B at the end of 2013. What journal entry should be recorded (*G) at the beginning of 2014 to eliminate the gain from intra-entity transaction? (assuming that the parent uses the equity method)

2) What if only half of the inventory from the intra-entity transaction remain with company B at the end of 2013?

Reference no: EM13682027

Questions Cloud

Obtain the magnitude of the average torque : A bicycle wheel, of radius 0.31 meter and mass 2 kilogram (concentrated on the rim), is rotating at 4.11 rev/s. Obtain the magnitude of the average torque due to frictional forces

Determine young modulus for the muscle tissue : A relaxed biceps muscle requires a force of 26.7 Newton for an elongation of 3 centimeter; Determine Young modulus for the muscle tissue under each of these conditions

Find how much will the wire stretch under this load : A 3.6 meter long steel wire has a cross-section area of 0.047 cm2. Its proportional limit has a value of 0.0015 times its Young's modulus. Find how much will the wire stretch under this load

Find how long was the ball in contact with floor : A 2.2 kilogram ball drops vertically to the floor hitting with a speed of 65 meter per second. It rebounds with a speed of 50 meter per second. find how long was the ball in contact with floor

Only half of the inventory from the intra-entity trasaction : What if only half of the inventory from the intra-entity transaction remain with company B at the end of 2013?

Find what is the buoyant force on a spherical submarine : At this depth, find what is the buoyant force on a spherical submarine having a diameter of 6.30 meter

Determine what is the velocity of the larger mass : Two masses of 1 kilogram and 31 kilogram, resting on a frictionless table, are connected by a compressed spring. Determine what is the velocity of the larger mass

Determine the total resistance of the wire : A 10 meter length of wire consists of 5.3 meter of copper followed by 4.7 meter of aluminum, both of diameters 1 millimeter. Determine the total resistance of the wire

Valuation of accounts receivables : Valuation of Accounts Receivables

User Account

All Pages

Only half of the inventory from the intra-entity trasaction

Reference no: EM13682027

Reference no: EM13682027

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT