期末存货未实现利润-myweb.PPTVIP

Consolidation example-Intercompany Profits From Downstream Sales p180 S is a 90%-owned subsidiary of P, acquired for $94,500 cash on 7/1, 2011, when S’s net assets consisted of $100,000 capital stock and $5,000 retained earnings. (The cost of P’s 90% interest in S was equal to book value and fair value of the interest acquired ($105,000 × 90%), and accordingly, no allocation to identifiable and unidentifiable assets was necessary) Equity Method-順流 p181 Workpaper-順流 Workpaper-順流 Workpaper-順流 Consolidation example-Intercompany Profits From Upstream Sales p183 S is an 80%-owned subsidiary of P, acquired for $480,000 on 1/2, 2011, when S’s stockholders’ equity consisted of $500,000 capital stock and $100,000 retained earnings. Equity Method-逆流 p183 Working paper entries-逆流 p185 Working paper entries-逆流 p185 Noncontrolling Interest-逆流 p185 Workpaper-逆流 * 期初存貨之已實現利潤 沖銷投資子公司時(對沖)，所沖銷之金額相當於子公司期初權益帳面金額(調整未攤銷差額)，歸屬於母公司所享有之比例份額。 然而，在權益法下，將使前一年底(即本年年初)之投資帳戶餘額，小於「子公司權益帳面金額 × 母公司持股比例」，差額即為前一年之期末存貨未實現利潤。 故就期初存貨未實現利潤進行調整及沖銷時，須同時借記「投資子公司」，如此在合併工作底稿上方能將「投資子公司」帳戶之餘額沖銷至零。 * 期初存貨之已實現利潤 母公司投資損益之調整 須就期初存貨上期未實現而自上期投資損益減除之利潤，於本期已實現時調整增加本期投資損益，同時提高「投資子公司」帳戶餘額。 Downstream and Upstream Sales p172/p173 A downstream sale is a sale by a parent to a subsidiary An upstream sale is a sale by a subsidiary to its parent. Consolidated statements eliminate reciprocal sales and cost of goods sold amounts regardless of whether the sales are upstream or downstream. Downstream and Upstream Sales p173 We also eliminate any unrealized gross profit in ending inventory in its entirety for both downstream and upstream sales. However, the effect of unrealized profits in ending inventory on separate parent statements (as investor) and on consolidated financial statements (which show income to the controlling and noncontrolling stockholders) is determined by both the direction of the intercompany sales activity and the percentage ownership of the subsidiary, except for 100 percent-owned subsidiaries