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JY201818
Level 1

Journal entries for business dissolution

Hi there, 

 

I have a company, which owns mainly financial assets, transferred all the assets to the new setup company. Currently their book looks like this:

Asset

Investment                                         100

Investment - unrealized gain/loss  25

Total 

Liability and Equity

Capital stock                                      90

Retained earnings                             -35

 

2 Comments
Rustler
Level 15

Journal entries for business dissolution

duplicate

 

but NOW the numbers have changed too!

JY201818
Level 1

Journal entries for business dissolution

Please ignore this one. I don't know how it gets posted. 

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