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Intercompany Profit Transactions - Bonds: Advanced Accounting
Intercompany Profit Transactions - Bonds: Advanced Accounting
– Bonds
by Jeanne M. David, Ph.D., Univ. of Detroit Mercy
to accompany
Advanced Accounting, 10th edition
by Floyd A. Beams, Robin P. Clement,
Joseph H. Anthony, and Suzanne Lowensohn
Sue's books:
Investment in
bonds $950 +$10 $960 +$10 $970
Interest 50+50+10 50+50+10
income =$110 =$110
Pine's books:
Investment in
bonds $2,040 -$5 $2,035 -$5 $2,030
Interest 100+100-5 100+100-5
income =$195 =$195
Pine's books:
Investment in
bonds $2,040 -$5 $2,035 -$5 $2,030
Interest 100+100-5 100+100-5
income =$195 =$195
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