Advanced Accounting Intercompany Gain Transactions Fixed Assets summary

Parent Subsidiary
Net Income xx xx
Dividend Income (xx)
Amortization of Excess (xx)
Realized Profit - BI + Seller
Unrealized Profit - EI -Seller
Unrealized Gain - PPE -Seller
Realized Gain - Depreciation + Seller
Adjusted Net Income xx + xx = xx
NI Attrubuted to NCI x % of minority interest xx
CNI xx

Elimination Entry Subsequent Year:

RE Beg xx
Gain on Sale xx