Why is it necessary to make adjustments for intragroup transactions?
Answer to relevant QuestionsIn making consolidated ﬁnancial statement adjustments, sometimes tax-effect adjustments are made. Why? Why is it necessary to eliminate services charged by one company in a group to another company in the same group? On January 1, 2010, Excelate acquired all the share capital of Tryon for $300,000. The equity of Tryon at January 1, 2010, was: Share capital............ $200,000 Retained earnings......... ...Traveller Bus Lines Inc. (TBL) is a wholly owned subsidiary of Canada Transport Enterprises Inc. (CTE). CTE is a publicly traded transportation and communications conglomerate. TBL is primarily in the business of operating ...Explain whether the NCI is entitled to a share of subsidiary equity or some other amount.
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