Recent content by GNB1569

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    USA Consolidation question

    Hi Everyone, Could anybody refresh my memory on this? Does the sub's Goodwill get eliminated in consolidation? My first guess would be No.
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    USA Intercompany Loan

    Pretty much the way you have explained. We have not issued any consolidated financials yet. Good news is that there hasn't been much intercompany activity so far.
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    USA Accounting treatment for Government Subventions for R&D

    Can anyone explain how do we record government subventions for R&D expenses? Greatly appreciated :)
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    USA Acquisitions

    Got it. Good news is there is no non-controlling interest. Parent owns 100% of the sub. Your input is much appreciated Sir,
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    USA Acquisitions

    Thank you. We did process the acquisition at FV on the books of the parent company. Now we need to present consolidated financial statements. I took care of the eliminations and was just wandering if anything related to the acquisition should get eliminated. I appreciate your help. We have...
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    USA Acquisitions

    If one company acquires another company are the entries related to the acquisition eliminated on the consolidated financials?
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    USA Intercompany Loan

    Greatly appreciated Sir,
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    USA Intercompany Loan

    Hi All, Could anyone refresh my memory on how do we book an intercompany loan and what the worksheet eliminations would look like? Greatly appreciated,
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