Inter-company Inventory elimination Entries. Advanced Accounting | CPA Exam
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- Опубликовано: 22 июл 2024
- In this session, I discuss intercompany elimination entries.
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Farhat you are my life saver!
Thank you Alice and please visit the website for more farhatlectures.com/
Please clarify if the elimination transactions will have any tax effect for income tax and deferred tax
If the ending inventory is already adjusted through the elimination entry, then why in the next year still have to reduce COGS (reducing inventory again?)
What if 1 company sells a service to another company within the group. They will never give the item/service to a third party.
Hi Farhat, thank you for this informational video..I have a scenario which could use your help. So if there is a 50% ownership in B ltd and 20% ownership in C ltd by A Ltd..and B and C have inter company transactions. What happens at A ltd(parent level) will the transactions be eliminated completely or partly or what will happen?
Antonmursid
does cost of good sold and begging inventory have direct relationship b/c if we have high beginning inventory means we have to purchase low inventory that will lower our cost of good sold so there will be inverse relation b/n them
The relationship between beginning inventory and COGS is positive or correlated. You are very welcome! Please take a look at my website for more resources: www.farhatlectures.com
Antonmursid🙏🙏🙏🙏🙏✌👌💝🇮🇩🇮🇩🇮🇩🇮🇩🇮🇩✌👌💝
50,000/80,000 is .625 this is the gross profit, not .375.
he meant to divide 30k/80k
Yes. 30/80
It is an error. 30/80
This is the most important comment and thank you @AccountingLectures for replying