Throughout 1998, J Co. had 10,000 ordinary shares outstanding. There was no potential dilution of earnings per share except

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A: Journal entry is the first stage of the accounting process.Journal entry is used to record business…

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A: When one company is holding shares in another company from 20% to 50% , then it is called as…

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A: The shares are issued in order to arrange the capital for the business of the company.

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A: Investment in associates refers to the type of investment that the firm makes in another company…

Q: On February 1, Rinehart Company purchased 500 shares (2% ownership) of Givens Company common stock…

A: Investment=Number of stock×Purchase price=500×$32=$16,000

Q: How much is the total legal capital? 15. How much the total contributed capital?

A: Net income:The net income refers to the amount that is determined after taking care of all the…

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A: Treasury stock is previously outstanding stock bought back from stockholders by the issuing company.

Q: A Company owns

A: These are the accounting transactions that are having a monetary impact on the financial statement…

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A: The question is based on the concept of Financial Accounting.

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A: Solution:                                          JOURNAL ENTRIES a) Using Equity Method Date…

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A: The question is multiple choice question  Required  Choose the Correct Option.

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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.