Topic: Upstream Sales Elimination

Case:

PT. UB owns 80% of PT. PU is obtained in book value on August 30, 20x6. An overview of the trial balance data for the two companies as of December 31, 20x8 is as follows

PT. UB PT. PU Debit Credit Debit Credit Cash and Account Receivable 145.000.000 90000000 Inventory 220.000.000 110000.000 Building and Equipment (net) 270000.000 180000.000 Investment in PT. PU 280000.000 Cost of goods sold \"5.000.000 140000.000 Current Liabilities 30000000 20.000.000 Depreciation expense 150000000 30.000000 Common stock 200.000.000 90.000000 Retained earning 488.000.000 220.000.000 Sales 250000000 200.000.000 Income from subsidiaries 32.000000 Total 1,120,000,000 1,120,000,000 540000.000 540000.000