高级财务会计PPT5.pptVIP

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * Treatment of Other Comprehensive Income E(24) Other comprehensive income from Subsidiary -Unrealized Gain on Investments (OCI) 8,000 Investment in Special Foods Stock 8,000 Eliminate other comprehensive income from subsidiary E(25) Other comprehensive income to NCI 2,000 Noncontrolling interest Assign other comprehensive income to NCI 2,000 Treatment of Other Comprehensive Income If Special Foods’ investment increased in value by additional $5,000 during 20X3. Adjusting entry recorded by subsidiary Investment in Available-for-sale Securities 5,000 Unrealized Gain on Investment (OCI) 5,000 Record increase in fair value of available-for- sale securities. Adjusting entry recorded by parent company Investment in Special Foods Stock 4,000 Other Comprehensive Income from Subsidiary –Unrealized Gain on Investments (OCI) 4,000 Record Peerless’s proportionate share of the increase in value of available-for-sale securities held by subsidiary. Treatment of Other Comprehensive Income E(20a) Common Stock-Special Foods 200,000 Retained earnings, Jan 1 155,000 Accumulated Other Comprehensive income 10,000 Differential 70,500 Investment in special foods stock 348,400 Noncontrolling Interest 87,100 Eliminate beginning investment balance 87,500-5,000-12,000=705,000 Treatment of Other Comprehensive Income E(24a) Other comprehensive income from Subsidiary -Unrealized Gain on Investments (OCI) 4,000 Investment in Special Foods Stock