What is the consolidated amount of machinery on December 31, 20x1? ans. 500,000 2. What is the consolidated amount of accumulated depreciation on December 31, 20x1? ans. 200,000 3. What is the amount of intercompany profit (loss) that must be deferred at December 31, 20x1? ans. 40,000 Please show me the solution to understand how they were able to derive those answers.

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Q: On January 1, 2024, Windsor Company purchased 8,896 shares of Sheridan Company's common stock for…

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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.