INTERCOMPANY LONG TERM ASSET TRANSFERS

First, Parent Company purchases land from an unrelated party. Then Parent Company sells the land to a subsidiary. Finally, the subsidiary sells the land to an unrelated party. The three transactions, and the amounts, are as follows … Read more

INTERCOMPANY TRANSFERS OF SERVICES

When one enterprise purchases services from a related enterprise, the purchasing enterprise typically records an expense transaction and the selling enterprise records a revenue transaction… Read more

INTERCOMPANY LAND TRANSFERS

INTERCOMPANY TRANSFERS OF DEPRECIABLE ASSETS