Eliminate subs stock holder equity account begin balances and BV component within the parents investment account.
Recognize the unamortized allocations (intangibles are recorded) of the beginning of current year associated with the adjustments to FV (subs assets adjusted to FV)
Eliminate the subs Income accrued by parent
Eliminate the subs Dividend
Recognize excess amortization Expenses for the current period on the allocations from the original adjustments to FV
eliminate intra entity debt
Sign up for free and study better.
Get started today!