Active TopicsActive Topics  Display List of Forum MembersMemberlist  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin
FAR STUDY GROUP
 CPAnet Forum : FAR STUDY GROUP
Subject Topic: Consolidation (Topic Closed Topic Closed) Post ReplyPost New Topic
  
Author
Message << Prev Topic | Next Topic >>
berry0331
Newbie
Newbie


Joined: 04 Sep 2011
Online Status: Offline
Posts: 49
Posted: 30 Apr 2012 at 16:07 | IP Logged  

So for the consolidated financial statements, does income from sub ever get
eliminated? Is there always the parent's share of sub's earnings?
Back to Top View berry0331's Profile Search for other posts by berry0331
 
astone
Contributor
Contributor
Avatar

Joined: 23 Mar 2011
Location: United States
Online Status: Offline
Posts: 91
Posted: 30 Apr 2012 at 16:30 | IP Logged  

The Subs retained earnings balance on the day of the acquisition is eliminated.

Back to Top View astone's Profile Search for other posts by astone
 



Sorry, you can NOT post a reply.
This topic is closed.


  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Powered by Web Wiz Forums version 7.9
Copyright ©2001-2010 Web Wiz Guide

This page was generated in 0.0938 seconds.

Copyright 1996-2016 CPAnet/MizWeb Communities All Rights Reserved
Twitter
|Facebook |CPA Exam Club | About | Contact | Newsletter | Advertise & Promote