ACC 703 Chapter Notes - Chapter All: Retained Earnings, Deferred Income

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Carrying amount of sub at year end at purchase. Minus nci share of gw (nci% * gw) Change parents r/e to investment under cost to calculate invest under equity, sub parents ei. Consolidated r/e and gain/loss after calc. of parents % Parents % of income, dividends and cash flows. Parents % of income, dividends and cash flows + parents gain from share issue. Statement of consol r/e requires consol r/e at opening. X ((sub"s ni current amortization)* nci %) + 100% pref div current. Income from parent operations + parent"s % x (sub"s ni current amortization) Bal of unrecognized gain on dep assets, taxes. + (nci % x ( cs+ sub re + unamort acq diff ci at)) Investment account cost basis end of year. Reduction to investment = relative% x equity investment. Purchases @ spot or average if evenly purchase.

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