@Qlad thank you, it make a lot more sense now to me
about inter-company eliminations, just think about it as any transaction with my self is not acceptable,
you have to eliminate it and let it back as no thing happened
so if it is equipment you have to eliminate the difference of applying new value for depreciation to let it back to old dep.
and let the equipment to previous amount, and eliminate any Gain or Loss (so notice every thing back to old numbers)
now if it is a land (no dep.) just eliminate the Gain or Loss and adjust the land to previous value
now to inventory, you have to get it back to previous numbers
(but) the problem that you can't because some of the inventory already sold in subsidary
now to the elimination entry for inventory
first of all you eliminate the sales and COGS (remember we don't buy or sell to our-self) and note that there is a difference between the number of sales and the number of COGS in the parent J/E,
and that difference is divided to two things
a)increased COGS on sub (over if what the parent will book as COGS if it was the original seller)
b)increased inventory value remaining in sub (over if it was on parent book)
so adjust COGS to it original number and adjust inventory as if it in the parent co
now if the sub purchased a parent company's bond it will be subject to extinguishment and book any gain or loss
don't forget to eliminate 100% (even non-controlling) in all inter-company eliminations
hope that helps,if something still missing you can tell and i will try my best
if there is language mistakes i'm sorry , English is my 2nd language
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