Question
Course Name: Advanced Financial Accounting , no pictures or handwriting, this needs an expert, please Q1. On December 31, 2020 ABC Parent company sold land
Course Name: Advanced Financial Accounting , no pictures or handwriting, this needs an expert, please
Q1. On December 31, 2020 ABC Parent company sold land costing SR 50,000 to its 100% owned Z Subsidiary for SR 90,000 and sold to external party for SR 100,000 in 2021.(2.5 marks)
Required:
1. Pass Equity Method Journal Entries in ABC Parents records in 2020 and 2021.
2. Pass Consolidation Entries in 2020 and 2021.
Answer:
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Study Guide With Working Papers, Chapters 1-9 For Heintz/Parrys College Accounting
Authors: James A. Heintz, Robert W. Parry
21st Edition
1285059379, 9781285059372
