Explore BrainMass

Consolidated retained earnings

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?

Solution Summary

Consolidated retained earnings are examined. Transfer at cost and transfers at a profit or loss in intercompany transactions are distinguished.