CPA Questions & Simulations | Basic Consolidation

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  • Опубліковано 2 гру 2024

КОМЕНТАРІ • 11

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    @TaxTimeForever 4 роки тому +3

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      @soniyaa5828 4 роки тому +2

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      @williamswag5725 4 роки тому +1

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  • @vivam6049
    @vivam6049 3 роки тому +1

    Why we don't calculate NCI in this question and added to the equity

  • @sophiaandricopulos4370
    @sophiaandricopulos4370 3 роки тому +1

    Shouldn’t the journal entry for investment in sub in question 1 be for the $44,000 paid to the subsidiary shareholders? I’m having trouble understanding why we’re debiting investment in sub and crediting cash for 470,000... any help would be greatly appreciated!

    • @godofcod1225
      @godofcod1225 3 роки тому +1

      Dr. 44,000, Cr.44,000. should be the correct entry i believe. He was just showing how cash and investment cancel out in assets of the parents individual balance sheet