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my points: If there are unrealized intercompany inventory profits from the prior period that are realized in the current period, the profit should be added to consolidated net income. Then, the income would need to be assigned to the shareholders of the company that made the intercompany sale (Baker, Christensen & Cottrell, 2012). Now, if the income was a result of a downstream sale, the income that is assigned to the controlling interest needs to be increased by the amount of the profit realized. However, if it was a result of an upstream sale, the income assigned to the controlling as well as the non-controlling interest needs to be increase at the time that the profit was realized (Baker, Christensen & Cottrell, 2012). Yes, important to know if the sale was upstream or downstream for the reasons described above; in addition, in order to appropriately assign the consolidated net income to the correct shareholder (Baker, Christensen & Cottrell, 2012). Question: an example of one of your points. If the sale from the Subsidiary to the parent takes place, we will need to reflect any NCI net income and Parent net income. If the inter company inventory is sold in the same month, the sales were $100,000 and the COGS was $50,000. The 50,000 reflects the cost of the purchase material. The parent owns 80%. There was no sales to end customers in the month by the parent firm. What might be the calculation and analysis on the profit? What about the consolidation?
The Loebuck grocery sells milk. The grocer orders milk from a local farmer fro $13 per case and sells for $16 per case. Unsold cases are disposed for $1.5 per case, and each case of shortage causes $3.7 loss of profit.
Ferman Corporation's common stockholders' equity at the beginning and end of 2010 was $870,000 and $1,130,000, respectively. Ferman Corporation's payout ratio for 2010 was ?
There were 7,500 units in the department's beginning work in process inventory, two thirds complete with respect to conversion costs. During March, 52,500 units were started and 50,000 were completed and transferred out of the department. The endi..
question 1 your investmentnbspadvisernbspwants you to purchase an annuity that will pay you 25000 per year for 10
Use MS Excel to prepare an annual depreciation schedule for the fixed assets of Bison Industries as of December 31, 2012. At a minimum the schedule should include the following information.
Develop personal professional skills and capabilities through the application of tools and strategies taking into account the opportunities and constraints of the professional environment
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What are the main approaches for setting transfer prices? How can the problems that these approaches create be reconciled between the selling and buying divisions?
Famous Frames Company purchased office equipment on January 1,2007 for $10,000. Its annual depreciation was computed as $1,000.To record the depreciation for 2007, the accounting system entry should be which of the following?
answer the following question. gonser mcgiller corporationtrial balance 000sdecember
question 2 deep blue manufactures floatation vests in charleston south carolina.nbsp deep blues contribution margin
1. Research this issue and write a brief memorandum for the working papers describing the issue and summarizing the appropriate method of accounting for the development costs.
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