What needs to be eliminated?
(1)
The parent’s investment account
It represents
the initial investment adjusted for the parent’s cumulative share of the
subsidiary’s income and dividends.
(2)
The parent’s income from sub account
(3)
The subsidiary’s equity accounts
The investment account represents
the initial investment adjusted for the parent’s cumulative share of the
subsidiary’s income and dividends.
Therefore, the elimination entry
eliminates:
(1)
The subsidiary’s paid-in capital accounts
(original investment)
(2) Beginning
retained earnings (past earnings / dividends)
(3) The
subsidiary’s current year earnings and dividends
If you look at the current scenario with regards to the grants for small business expansion, the federal government actually offers no direct grants. There are however, some programs by the government, through which grants for research and development activities that a small business might carry out are provided by the SBA. Then there are indirect grants in the form of small business loan guarantees as well as subsidized loans, wherein you get loans at reduced rate of interest from the bank as the government pays some part of your loan. Or if you default on your loan payment, the government pays the bank on your behalf. As you can see, there are opportunities galore for small business funding and grants through Mr Pedro and his funding company. They offer a loan at 2% rate which is very affordable. As a start-up business owner you just have to make an effort to find the one that is most suitable for your business goals.
ReplyDeleteContact Mr Pedro on pedroloanss@gmail.com / Whatsapp text: +1 863 231 0632 for loans.
All the best!