Documente Academic
Documente Profesional
Documente Cultură
Transactions – Inventories
by Jeanne M. David, Ph.D., Univ. of Detroit Mercy
to accompany
Advanced Accounting, 10th edition
by Floyd A. Beams, Robin P. Clement,
Joseph H. Anthony, and Suzanne Lowensohn
Downstream
Sales
Parent
Subsidiary sells
Parent sells to to parent
subsidiary
Upstream Sales
Become
$84
© Pearson Education, Inc. publishing as Prentice Hall 5-29
Perry's 2009 Equity Entries
Investment in Salt 420
Cash 420
For acquisition of 70% of Salt
Cash 196
Investment in Salt 196
For dividends received
Investment in Salt 427
Income from Salt 427
For share of income
$90
© Pearson Education, Inc. publishing as Prentice Hall 5-34
Perry's 2010 Equity Entries
Cash 210
Investment in Salt 210
For dividends received
Investment in Salt 532
Income from Salt 532
For share of income