Intercompany Transactions F10-04b
What are the typical intercompany accounts receivable / accounts payable accounts and associated amounts that should be eliminated?
- (Trade) Accounts Receivable / Accounts Payable (100%)
- Loan Receivable / Loan Payable
- Interest Receivable / Interest Receivable (100%)
- Dividends Receivable (100%) / Dividends Payable (Intercompany %) . Note that only the intercompany amount of the dividends payable must be eliminated. Any dividend payable to noncontrolling shareholders will not be eliminated.