Question regarding acquisition of existing company


Joined
Sep 20, 2014
Messages
22
Reaction score
1
Country
United States
Good Morning,

Company (A) has purchased an existing company (B) in Canada (company A is based in the US), the question I have may seem "stupid like" so bare with me....

My question is - why would company A need to create a Receivable for Company B?

Keeping in mind Company B's financials will be consolidated into Company A's for Reporting purposes & as far a I know Company B will be holding their own Receivables & Payables themselves.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top