I am having trouble with the following three questions:
1. What is "consolidated retained earnings"?
2. Distinguish between "transfer at cost" and "transfers at a profit or loss" in intercompany transactions?
3. What is the eliminating entry when one subsidiary sells merchandise to another subsidiary?© BrainMass Inc. brainmass.com June 3, 2020, 11:18 pm ad1c9bdddf
Consolidated retained earnings are examined. Transfer at cost and transfers at a profit or loss in intercompany transactions are distinguished.