Escolar Documentos
Profissional Documentos
Cultura Documentos
Intercompany Profit
Transactions
Bonds
to accompany
Advanced Accounting, 11th edition
by Beams, Anthony, Bettinghaus, and Smith
1: INTERCOMPANY
RECEIVABLES AND
PAYABLES
2: CONSTRUCTIVE
RETIREMENT OF DEBT
3: PROFITS ON BONDS
SUE'S BOOKS:
Investment in $950 +$10 $960 +$10 $970
bonds
50+50+10 50+50+10
Interest income =$110 =$110
SUE'S BOOKS:
Investment in $950 +$10 $960 +$10 $970
bonds
50+50+10 50+50+10
Interest income =$110 =$110
4: EFFECT ON
NONCONTROLLING
INTEREST
PINE'S BOOKS:
Investment in $2,040 -$5 $2,035 -$5 $2,030
bonds
100+100-5 100+100-5
Interest income =$195 =$195
PINE'S BOOKS:
Investment in $2,040 -$5 $2,035 -$5 $2,030
bonds
100+100-5 100+100-5
Interest income =$195 =$195
!
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