On January 1, 2019, Jones Company acquires a 30% interest in Fink Company by purchasing 3,000 of its 10,000 common shares for $16 per share and obtains significant influence. On the date of acquisition, the net assets of Fink were as shown here:   Book Value Fair Value Non-depreciable assets (for example, land) $15,000 $25,000 Depreciable assets (10-year remaining life) 90,000 115,000   $105,000 $140,000 Liabilities $10,000 $15,000   During 2019, Fink earned income of $22,000 and paid dividends of $6,000. Required:   Prepare all journal entries on Jones’s books to record the acquisition, dividends, and income from the investment in Fink.

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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.