Pro golf warehouse inc pgw sells gold equipment all through

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Pro Golf Warehouse, Inc. (PGW), sells gold equipment all through the United States. PGW also sells golf equipment in Canada through its subsidiary, Canadian Gold Warehouse (CGW), which is prepared as a Canadian corporation. In addition, PGW has an American Subsidiary, Tennis Supplies, Inc. (TSI). PGW includes income (loss) from both subsidiaries on its audited financial statements, which indicates net income of $97 million in 2010. CGW, which is not consolidated by PGW for U.S. tax purposes, had net income of $31 million TSI, which is consolidated for U.S. tax purposes, had a loss of $16 million. Find the information reported on Schedule M-3?

Reference no: EM13370971

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