Question: Why is it necessary to make adjustments for intragroup transactions
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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