Pearl Limited acquired 100% of the issued capital of Silver Limited on 1 July 2010, for $90,000.   At the date the shareholders’ equity of Silver Limited was:   Share capital $60,000 Reserves $20,000 Retained Earnings $10,000 During the year ended 30 June 2012 Silver Ltd sold inventory worth $15,000 to Pearl Ltd, and Pearl Ltd sold inventory work $5,000 to Silver Ltd. Unrealised profit on closing inventory at 30 June 2012 was $1,000. There was inter-company interest of $5,600 for the year ended 30 June 2012. Required: Journal entries to eliminate the investment in Silver Ltd by Pearl Ltd. Journal entries to eliminate any inter-company transactions at 30 June 2012. Complete the worksheet.

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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.