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Accounting版 - combined FS question
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话题: fs话题: interco话题: combined话题: answer话题: corporations
1 (共1页)
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发帖数: 767
1
Mr. Cord owns four corporations. Combines FS are being prepared for these
corporations, which have interco loans of $200K and interco profits of $500K
. What amount of these interco loans and profits should be included int the
combined FS?
Answer: Loan:$0, profit: $0
I selected the correct answer, but after I read the below quoted from Becker
, I got confused:
"1. interco transactions and balances among companies eliminated
2. minority int. be treated like consolidated FS
3.Capital stock and ret
1 (共1页)
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话题: fs话题: interco话题: combined话题: answer话题: corporations