Wednesday, June 20, 2018 7:57:46 AM
Since a subsidiary is a separate company, you must maintain separate accounting records for it. Your subsidiary must have its own bank accounts, financial statements, assets and liabilities.
http://smallbusiness.chron.com/accounting-rules-subsidiaries-67502.html
Ever wonder what happened to the software from first Q to second Q?
500,000+ software gone. Hmmm. And it’s not the apps they sold because they still own one of those companies so that makes no sense. They wouldn’t value one on the books over 500,000 and the other nothing.
Software didn’t just up and walk away. I’m guessing it’s listed under another companies financials. Utopya Innovations.
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