Consolidating balance sheets template

The ending balance in their Investments in Associates account at year end is 515,000.

This represents a 15,000 increase from their investment cost.

It's called a balance sheet because the two sides balance out.

This makes sense: a company has to pay for all the things it has (assets) by either borrowing money (liabilities) or getting it from shareholders (shareholders' equity).

Thus, Phoenix’s retained earnings for the year is 50,000. Learn accounting fundamentals and how to read financial statements with CFI's free online accounting classes.

Accounts such as cash, inventory and property are on the asset side of the balance sheet, while on the liability side there are accounts such as accounts payable or long-term debt.Alternatively, when an investor does not exercise full control of the investee, and has no influence over the investee, the investor possesses a minority passive interested in the investee.In such a case, investments will be accounted for using the cost method.The cost method records the investment at cost, and accounts for it depending on the investors historic transactions with the investee and other investees.The annual consolidated balance sheet of the Eurosystem comprises assets and liabilities of the Eurosystem national central banks (NCBs) and the ECB held at year-end vis-à-vis third parties.

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