Chapter: Business Combination & Consolidated Balance Sheet

May 29th, 2015
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1. Investment in subsidiary by parents- In the books of parent company a) Recording investment in subsidiary by creating new company Dr. Investment in S Accumulated Depreciation Cr. Assets (Subsidiary: Fixed & Current at cost) b) Recording transfer of assets to subsidiary by parents for creating new company Dr. Assets (Subsidiary: Fixed & Current at cost) Cr. Accumulated Depreciation Common stock at par Additional paid in capital (Differential figure)

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Chapter: Business Combination & Consolidated Balance Sheet1. Investment in subsidiary by parents- In the books of parent companya) Recording investment in subsidiary by creating new companyDr. Investment in SAccumulated DepreciationCr.Assets (Subsidiary: Fixed & Current at cost)b) Recording transfer of assets to subsidiary by parents for creating new companyDr. Assets (Subsidiary: Fixed & Current at cost)Cr.Accumulated DepreciationCommon stock at parAdditional paid in capital (Differential figure)c) Investment in subsidiary and recording subsidiarys assets in paren

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