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 is a short sale of land?

In difficult economic times, many homeowners don't have a way to pay their mortgage and utility bills. However, there are alternatives to foreclosure and investors can help homeowners out of crisi... 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 »