[资料]财务管帐 双语教授教化 Financial Accounting Weygandt Kieso Kimmel ch13.pptVIP

Stock investments = capital stock of corporations. On January 1, 2006, Milar Corporation acquires 30% of the common stock of Beck Company for $120,000. The entry to record this transaction is: A PARENT COMPANY owns more than 50% of the common stock of a SUBSIDIARY COMPANY. The parent company has a CONTROLLING INTEREST in the subsidiary company. CONSOLIDATED FINANCIAL STATEMENTS are usually prepared. Time Warner, Inc. owns 100% of HBO common stock. The common stockholders of Time Warner elect the BOD of the company, who, in turn, select the officers and managers of the company. The