How to account for external investments using intangible assets and undistributed profits

1. "The company's undistributed profits attributable to the parent company 300", Chapter 4 of the New Income Tax Law, Article 26 (2) Dividends, bonuses and other rights and interests between qualified resident enterprises Sexual investment income is tax-free, haha, let’s do “capital increase after profit distribution”. When the parent company settles and settles its year-end income tax, this part will not be taxed

When distributing, the subsidiary borrows: profit distribution 300

p>

Debit from the parent company: Dividends payable - S 300

Debit from the parent company: Dividends receivable - S 300

Loan: Long-term equity investment - S 300

S The company increased its capital by 300. The subsidiary borrowed: Dividends payable 300

Loan: Paid-in capital 300

The parent company borrowed: Long-term equity investment-S 300 300

Loan: Borrow: Dividends receivable - S 300

In fact, for equity investment under the equity method, the undistributed profits of the subsidiary are converted into capital in proportion and no certificate is required. This treatment is just to make it clearer, but under the old income tax law , profit distribution from low-tax enterprises to high-tax enterprises requires additional taxes

2. "2. Evaluated intangible assets (patents) 300" involves the transfer-out of non-monetary asset investments and the accounting of long-term equity investments< /p>

New Accounting Standard No. 2 - Long-term Equity Investment Article 9 “If the initial investment cost of a long-term equity investment is less than the share of the fair value of the investee’s identifiable net assets at the time of investment, the difference shall be Included in current profit and loss, and adjust the cost of long-term equity investment at the same time."

Subsidiary, after patent transfer and capital verification, borrow: intangible assets-**Patent 300

Loan: paid-in capital 300

Debit from the parent company: long-term equity investment--S 300

Debit from: bank deposit (evaluation and transfer fees) 3

Other business income 297

In fact, the external investment of non-monetary assets is directly divided into two parts: asset transfer and monetary investment. If the investing enterprise and the invested enterprise are combined and considered, we will understand that the value-added part can only be determined by the transferor. Income can be included in the cost before tax allocation by the transferee.