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January 21, 2023 at 12:30 pm #677162
xyzc
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In the question named Prodigal Co, debit cost of sales (and retained earnings) 850
credit plant 800 credit non-controlling interest 50 I don’t understand why
January 22, 2023 at 8:13 am #677196
P2-D2
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This is in relation to the PUP adjustment on the intra-group transfer of the PPE. It is far too complicated to fully understand but the 850 is the adjustment that is removing the profit on sale of the asset (800) and the change in the depreciation charged of 50.
January 28, 2023 at 11:32 am #677525
xyzc
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But only 800 has been adjusted in cost of sales instead of 850
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