Parent Sub Adjustments Consolidated

needleorderNetworking and Communications

Oct 24, 2013 (4 years and 20 days ago)

99 views

1/1/07---Before Purchase
Parent Sub Adjustments Consolidated
Revenue
Expenses
Eq. in Net Inc. of Sub.
Net Income/Loss 0 0
Retained Earnings, beg.400 250 650
Net Income/Loss 0 0
Dividends Paid
Retained Earnings, end 400 250 0 0 650
Cash 600 600
Land 350 350
Investment in Sub.
Common Stock 200 100 300
Retained Earnings, end 400 250 0 0 650
600 600 350 350 0 0 950 950
Chapter 3a--1
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
At Purchase---1/1/07 Parent Sub Adjustments Consolidated
Revenue
Expenses
Eq. in Net Inc. of Sub.
Net Income/Loss
Retained Earnings, beg.400 250
Net Income/Loss
Dividends Paid
Retained Earnings, end 400 250
Cash 250
Land 350
Investment in Sub.350
Common Stock 200 100
Retained Earnings, end 400 250
600 600 350 350
Chapter 3a--2
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
At Purchase---1/1/07 Parent Sub Adjustments Consolidated
Revenue
Expenses
Eq. in Net Inc. of Sub.
Net Income/Loss
Retained Earnings, beg.400 250
Net Income/Loss
Dividends Paid
Retained Earnings, end 400 250
Cash 180
Land 350
Investment in Sub.420
Common Stock 200 100
Retained Earnings, end 400 250
600 600 350 350
Chapter 3a--3
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
At Purchase---1/1/07 Parent Sub Adjustments Consolidated
Revenue
Expenses
Eq. in Net Inc. of Sub.
Net Income/Loss
Retained Earnings, beg.400 250
Net Income/Loss
Dividends Paid
Retained Earnings, end 400 250
Cash 250
Equipment 400
Accumulated Depreciation
50
Investment in Sub.350
Common Stock 200 100
Retained Earnings, end 400 250
600 600 400 400
Chapter 3a--4
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
At Purchase---1/1/07 Parent Sub Adjustments Consolidated
Revenue
Expenses
Eq. in Net Inc. of Sub.
Net Income/Loss
Retained Earnings, beg.400 250
Net Income/Loss
Dividends Paid
Retained Earnings, end 400 250
Cash 180
Equipment 400
Accumulated Depreciation
50
Investment in Sub.420
Common Stock 200 100
Retained Earnings, end 400 250
600 600 400 400
Chapter 3a--5
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
Cost---12/31/07 Parent Sub Adjustments Consolidated
Revenue 100 85
Expenses 80 70
Dividend Income
Net Income/Loss 20 15
Retained Earnings, beg.400 250
Net Income/Loss 20 15
Dividends Paid
Retained Earnings, end 420 265
Cash 200 65
Equipment 400
Accumulated Depreciation
100
Investment in Sub.420
Common Stock 200 100
Retained Earnings, end 420 265
620 620 465 465
Chapter 3a--6
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
Equity---12/31/07 Parent Sub Adjustments Consolidated
NOTE! THIS IS "WRONG"! DESIGNED FOR ILLUSTRATION ONLY
Revenue 100 85
Expenses 80 70
Eq. in Net Inc. of Sub.15
Net Income/Loss 35 15
Retained Earnings, beg.400 250
Net Income/Loss 35 15
Dividends Paid
Retained Earnings, end 435 265
Cash 200 65
Equipment 400
Accumulated Depreciation
100
Investment in Sub.435
Common Stock 200 100
Retained Earnings, end 435 265
635 635 465 465
Chapter 3a--7
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
Equity---12/31/07 Parent Sub Adjustments Consolidated
Revenue 100 85
Expenses 80 70
Eq. in Net Inc. of Sub.5
Net Income/Loss 25 15
Retained Earnings, beg.400 250
Net Income/Loss 25 15
Dividends Paid
Retained Earnings, end 425 265
Cash 200 65
Equipment 400
Accumulated Depreciation
100
Investment in Sub.425
Common Stock 200 100
Retained Earnings, end 425 265
625 625 465 465
Chapter 3a--8
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
At Purchase---1/1/07 Parent Sub Adjustments Consolidated
Revenue
Expenses
Eq. in Net Inc. of Sub.
Net Income/Loss 0 0
Retained Earnings, beg.400 250 250

400
Net Income/Loss 0 0
Dividends Paid
Retained Earnings, end 400 250 250 0 400
Cash 250 250
Land 350 350
Investment in Sub.350 350

Common Stock 200 100 100

200
Retained Earnings, end 400 250 250 0 400
600 600 350 350 350 350 600 600
Chapter 3a--9
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
At Purchase---1/1/07 Parent Sub Adjustments Consolidated
Revenue
Expenses
Eq. in Net Inc. of Sub.
Net Income/Loss 0 0
Retained Earnings, beg.400 250 250

400
Net Income/Loss 0 0
Dividends Paid
Retained Earnings, end 400 250 250 0 400
Cash 180 180
Land 350 70

420
Investment in Sub.420 420

Common Stock 200 100 100

200
Retained Earnings, end 400 250 250 0 400
600 600 350 350 420 420 600 600
Chapter 3a--10
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
At Purchase---1/1/07 Parent Sub Adjustments Consolidated
Revenue
Expenses
Eq. in Net Inc. of Sub.
Net Income/Loss 0 0
Retained Earnings, beg.400 250 250

400
Net Income/Loss 0 0
Dividends Paid
Retained Earnings, end 400 250 250 0 400
Cash 250 250
Equipment 400 50

350
Accumulated Depreciation
50 50

Investment in Sub.350 350

Common Stock 200 100 100

200
Retained Earnings, end 400 250 250 0 400
600 600 400 400 400 400 600 600
Chapter 3a--11
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
At Purchase---1/1/07 Parent Sub Adjustments Consolidated
Revenue
Expenses
Eq. in Net Inc. of Sub.
Net Income/Loss 0 0
Retained Earnings, beg.400 250 250

400
Net Income/Loss 0 0
Dividends Paid
Retained Earnings, end 400 250 250 0 400
Cash 180 180
Equipment 400 70

50

420
Accumulated Depreciation
50 50

Investment in Sub.420 420

Common Stock 200 100 100

200
Retained Earnings, end 400 250 250 0 400
600 600 400 400 470 470 600 600
Chapter 3a--12
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
Cost---12/31/07 Parent Sub Adjustments Consolidated
Revenue 100 85 185
Expenses 80 70 10

160
Dividend Income
Net Income/Loss 20 15 10 0 25
Retained Earnings, beg.400 250 250

400
Net Income/Loss 20 15 10 0 25
Dividends Paid
Retained Earnings, end 420 265 260 0 425
Cash 200 65 265
Equipment 400 70

50

420
Accumulated Depreciation
100 50

10

60
Investment in Sub.420 420

Common Stock 200 100 100

200
Retained Earnings, end 420 265 260 0 425
620 620 465 465 480 480 685 685
Chapter 3a--13
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
Equity---12/31/07 Parent Sub Adjustments Consolidated
NOTE! THIS IS "WRONG"! DESIGNED FOR ILLUSTRATION ONLY
Revenue 100 85 185
Expenses 80 70 10

160
Eq. in Net Inc. of Sub.15 15

Net Income/Loss 35 15 25 0 25
Retained Earnings, beg.400 250 250

400
Net Income/Loss 35 15 25 0 25
Dividends Paid
Retained Earnings, end 435 265 275 0 425
Cash 200 65 265
Equipment 400 70

50

420
Accumulated Depreciation
100 50

10

60
Investment in Sub.435 420

15

Common Stock 200 100 100

200
Retained Earnings, end 435 265 275 0 425
635 635 465 465 495 495 685 685
Chapter 3a--14
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved
Equity---12/31/07 Parent Sub Adjustments Consolidated
Revenue 100 85 185
Expenses 80 70 10

160
Eq. in Net Inc. of Sub.5 5

Net Income/Loss 25 15 15 0 25
Retained Earnings, beg.400 250 250

400
Net Income/Loss 25 15 15 0 25
Dividends Paid
Retained Earnings, end 425 265 265 0 425
Cash 200 65 265
Equipment 400 70

50

420
Accumulated Depreciation
100 50

10

60
Investment in Sub.425 420

5

Common Stock 200 100 100

200
Retained Earnings, end 425 265 265 0 425
625 625 465 465 485 485 685 685
Chapter 3a--15
AMIS 624 David E. Wallin copyright 2009 All Rights Reserved