On 1/5/2015 , K-mart. Co acquired 90% shares of the outstanding common shares of Tesco. for $360000 cash. At this date the common stock of Tesco was $ 280000 and retained earnings of $ 90000 and treasury stock of 10000. The income of Tesco before acquisition was 20000. If the company uses full year method, the retained earnings in the eliminating entry (related to investment) will be recorded as: Select one: a. 120000 b. 110000 c. 90000 d. 100000

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Q: On July 31, 2020, Mexico Company paid $3,000,000 to acquire all of the common stock of Conchita…

A: a. Calculation of Goodwill: Thus, Goodwill will be $250,000 on July 31,2020

Q: estments 70,000 300,000 life) 240,000 nite life) 110,000 90,000 ture 12/31/22) 180,000 120,000…

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Q: Ashvinbhai

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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.