We converted a loan from Company A to Company B to equity. Company A now has 50% ownership in Company B as a result. For Company A investment, we are reserving $155k asset for impairment of 50% at 12/31/2015. I have recorded the impairment loss in Company A by Dr-Impairment Loss expense acct and Cr-Asset Acct, thereby reducing our investment in Company B. What entry is made on Company B books to reflect value of investment acct in Company A to equal Equity acct in Company B?
