Goodfellas obtained a 60% Bedfellow in the 100,000 $1 shares of Mist on 1 January 20X8, when the retained earnings of Mist were $850,000. Consideration comprised $250,000 cash, $400,000 payable on 1 January 20X9 and one share in Goodfellas for each two shares acquired. Goodfellas has a cost of capital of 8% and the market value of its shares on 1 January 20X8 was $2.30.

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A: Number of shares of slug corporation = Paid up value/par value per share

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A: Journal is the process of recording accounting transaction of an organisation.

Q: Jake Company owns 20,000 shares of XYZ Corporation, representing 10% ownership. Jake received a…

A: SOLUTION- DIVIDEND INCOME- IT IS DEFINED AS THE DISTRIBUTION OF ENTITY PROPERTY TO ITS SHAREHOLDERS.…

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Q: In 20X1, FYY Ltd. purchased 1,900 shares of Humor Inc. for $49,400 plus $1,900 in commission. The…

A:

Q: 6)  On 1/18/20, Ehrlich Inc. purchased 30,000 shares of the common stock of XYZ Co. for $16 per…

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A:

Q: COMBO Co. issued 20,000 shares of its P25 par value ordinary shares and 4,000 shares of its P50 par…

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A:

Q: How much income was reported on the 20X1 income statement?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.