Intercompany Transactions F10-04b

What are the typical intercompany accounts receivable / accounts payable accounts and associated amounts that should be eliminated?

  1. (Trade) Accounts Receivable / Accounts Payable (100%)
  2. Loan Receivable / Loan Payable
  3. Interest Receivable / Interest Receivable (100%)
  4. 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.