Dear Friend,Hello and welcome. Thank you for providing us opportunity to help you.
Tell me, does that foreign production house derives income from ONLY the delaware entity or from multiple sources ?
Are you there ? Do you read my response ?Tell me, does that foreign production house derives income from ONLY the delaware entity or from multiple sources ?
Let me answer you based on presumption that the foreign production house that you are referring to is getting revenues from only ONE source, i.e. the Delaware entity.If that is the case, I think the best for of consolidation would be -- to consolidate the accounts on P&L and Balance Sheet on accrual basis. If this is what you have thought of, then this is perfectly correct and you can certainly do this. In fact, this is the only possible solution to your query.
Let me know if this helps.. You may revert back with a reply if you need more assistance or kindly leave a positive rating.
Thank you for your answer, it's as I thought. But in more detail, are there specific rules about in what detail we have to go in the accounts?