In My Mind At This Very Moment
February 27, 2002
eliminating entries are not the same as journal entries do not get them mixed up remember the orphan entry for years subsequent to the acquisition that 498 midterm was stupid oh well i finished too fast only upstream transactions are used to calculate nci%sni multiplied by their % downstream transactions don’t affect nci equity method journal entries involve 3 accounts where as cost basis i don’t know how many probably 2 and what is parent theory and entity theory and fuck this the net affect of all intercompany transactions over time will net out to zero so inventory transfers usually net out by the year they’re all sold by capital transfers such as buildings will take longer remember to get rid of investment in sub and sub goodwill because they both are zero in consolidated financial statements don’t forget to look for preferred shares before doing a purchase price discrepancy schedule or you’re more royally screwed than you are now i wonder what eri is doing oh cool dragonball is on but i have to study i hate accounting and there is another midterm about leases and land law and know what an easement and restrictive covenant is they have the same terms and a lot of interests in land must be registered or they mean less than accounting numbers and i am hungry and i didn’t smoke for a long time and i drink too much coffee
