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1. You need to first wind up the sub. Return any cash to Parent and clear out assets & liab to equity. 2. After 1, Parent writes off...

I’m trying to confirm who takes what income on 2019 taxes (individuals or estate), what parts are Income in Respect of a Decedent, etc…...

If indeed parent will not be able to repay then sub needs to writeoff interco receivable and dr interco expense and parent to writeoff...

Good morning all, I have a query that is doing my head in. We have a consolidated group where the Parent company owes subsidiary $2m...

Hi, Can anyone give me some advice? The bailiffs from Jacobs are threatening my brother, scaring him for not paying the parking 6...

Huge thanks and great help. I found "Intermediate Accounting (14th)", second-hand, on EBay, for $38.63, I am going to bite it. I...

Over years working in accounting, do you think the knowledge of economics, including macro- and microeconomic, is important for...

We deregistered one of our group companies in the financial year just ended and I need to reflect this in the financial statements of...

Over years working in accounting, do you think the knowledge of economics, including macro- and microeconomic, is important for...

IF you paid yourself a reasonable salary in all years and IF the amount distributed to you is less than your share capital basis THEN no...

Hi, thanks a lot for the reply. appreciate it. Regarding 2) - the process is quite manual now, so its hard tracking what to recharge...

1) Your process is fine. 2) You could, but in my experience, having a single account as a holding place for items to be farmed out...

Thank you! This is the last one here that is driving me crazy :) "impairment losses on intangible assets and property, plant and...

1. For inventories (IAS2) you're going to credit the inventory and debit the P&L with the amount of the write down. The write down is a...

Yes, that's right.