Super Ltd acquired 65% of Car Ltd for a cost of $650,000, when the equity of Car Ltd consisted of: Share Capital  $100,000 General Reserve $8,000 Retained Earnings $20,000     All the identifiable assets and liabilities of Car Ltd were recorded at fair value except for the following:   Carrying Amount Fair Value Vehicles (cost $550,000) $450,000 $500,000 Patent $70,000 $90,000     Prepare the journal entries for the pre-acquisition stage (i.e., Stage 1) of recording the Non-Controlling Interest (NCI) using the partial goodwill method

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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.