What Is the Effect of the Intercompany Sale of Land on Consolidated Net Income?

Answer Accounting regulations dictate how a parent company must record and report investments in affiliates, especially with intercompany sales and purchases of land. To calculate its consolidated net inc... Read More »

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What Is a Projected Consolidated Income Statement?

A projected consolidated income statement helps corporate leadership answer important questions of interpretation and analysis. Senior executives review the report to understand how the company wou... Read More »

Definition of a Consolidated Income Statement?

According to the International Accounting Standards Committee, which sets global accounting standards, consolidated financial statements are prepared for a group of companies, known as subsidiaries... Read More »

What does a forced sale of land mean?

A forced sale of land occurs when two people own a property and one wants to receive his portion of the value. That person will petition to partition, or divide, the property. If it cannot be done ... Read More »

What is a land sale contract?

A land sale contract is a purchase agreement, whereby the property owner agrees to sell the property to the buyer upon completion of payment installments. The buyer takes possession of the house wh... Read More »