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Title: Advanced Accounting: Intercompany Gain Transactions Fixed Assets
Description: Summary for intercompany gain transactions relating to fixed assets
Description: Summary for intercompany gain transactions relating to fixed assets
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Parent
xx
(xx)
Net Income
Dividend Income
Amortization of Excess
Realized Profit - BI
Unrealized Profit - EI
Unrealized Gain - PPE
Realized Gain - Depreciation
Adjusted Net Income
NI Attrubuted to NCI
CNI
(xx)
xx
Elimination Entry Subsequent Year:
RE Beg
Gain on Sale
Subsidiary
xx
xx
xx
+ Seller
-Seller
-Seller
+ Seller
+
xx
=
x % of minority interest
xx
xx
xx
Title: Advanced Accounting: Intercompany Gain Transactions Fixed Assets
Description: Summary for intercompany gain transactions relating to fixed assets
Description: Summary for intercompany gain transactions relating to fixed assets