Oriole Company owns 40% interest in the stock of Sandhill Corporation. During the year, Sandhill pays $18700 in dividends to Oriole, and reports $303000 in net income. Oriole Company’s investment in Sandhill will increase Oriole's net income by     $121200.   $128680.   $9350.   $7480.

Q: Which one of the following statements is correct?   Select one: a. The net change in the…

A: Consolidated Financial statement :— The Grouping of Financial statement by the Parent Company along…

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A: Joint Venture Joint venture which is described as the business combination of two or more members…

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A: Journal entries shows the recording of transactions during an accounting year and every transaction…

Q: As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

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A:

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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.