Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Divestiture with Cash Split (https://www.askmehelpdesk.com/showthread.php?t=780292)

  • Jan 2, 2014, 11:46 AM
    TexasAccountant
    Divestiture with Cash Split
    Parent Co is selling Sub for $100M with a NBV of $40M. The cash on Sub's books is going to be split with $2M going back to Sub and new third party purchaser retaining $6M. What is the correct way to record the sale AND the $2M cash on the Parent's books?

  • All times are GMT -7. The time now is 11:20 AM.